Osisko (NYSE:OR) Gold Royalties Hit New 52-Week Low at $9.56


Shares of Osisko Gold Royalties Ltd (NYSE:OR – Get Rating) hit a new 52-week low during Thursday’s trading. The stock traded as low as $9.56 and last traded at $9.56, with a volume of 3,440 shares traded in hands. The stock had previously closed at $10.15.

Analysts set new price targets

Several analysts have recently commented on GOLD stocks. TheStreet downgraded Osisko Gold Royalties from a “c-” rating to a “d+” rating in a Tuesday, May 31 research note. TD Securities raised its price target on Osisko Gold Royalties shares from C$21.00 to C$23.00 in a Wednesday, April 6 research report. Raymond James lowered his price target on Osisko Gold Royalties shares from C$23.00 to C$22.75 in a Friday, May 13 research report. Stifel Nicolaus lowered his price target on Osisko Gold Royalties shares from C$23.00 to C$22.00 in a Friday, May 27 research report. Finally, Scotiabank raised its price target on Osisko Gold Royalties shares from C$22.50 to C$24.00 in a Tuesday, April 19 research report.

Osisko Gold Royalties Stock Performance

The company’s 50-day simple moving average is $10.95 and its 200-day simple moving average is $12.04. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt ratio of 0.06. The stock has a market capitalization of $1.80 billion, a P/E ratio of -60.81 and a beta of 0.76.

Osisko Gold Royalties (NYSE:OR – Get Rating) last released its results on Thursday, May 12. The basic materials company reported EPS of $0.01 for the quarter, missing the consensus estimate of $0.09 per ($0.08). Osisko Gold Royalties posted a positive return on equity of 2.33% and a negative net margin of 15.65%. The company had revenue of $46.89 million for the quarter. As a group, sell-side analysts expect Osisko Gold Royalties Ltd to post EPS of 0.37 for the current fiscal year.

Osisko Gold Royalties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 15. Shareholders of record on Thursday, June 30 received a dividend of $0.043 per share. The ex-dividend date was Wednesday, June 29. This represents an annualized dividend of $0.17 and a dividend yield of 1.77%. Osisko Gold Royalties’ dividend payout ratio is currently -106.25%.

Hedge funds weigh on Osisko gold royalties

Several hedge funds have recently changed their GOLD holdings. Shepherd Kaplan Krochuk LLC increased its equity stake in Osisko Gold Royalties by 4.4% in Q1. Shepherd Kaplan Krochuk LLC now owns 23,500 shares of the basic materials company worth $310,000 after purchasing an additional 1,000 shares during the period. Vident Investment Advisory LLC increased its equity stake in Osisko Gold Royalties by 9.2% in Q1. Vident Investment Advisory LLC now owns 16,504 shares of the basic materials company worth $218,000 after purchasing an additional 1,389 shares during the period. The Toronto Dominion Bank increased its holdings of Osisko Gold Royalties shares by 1.1% in the 1st quarter. The Toronto-Dominion Bank now owns 138,774 shares of the basic materials company worth $1,834,000 after purchasing an additional 1,451 shares during the period. Heartland Advisors Inc. increased its equity stake in Osisko Gold Royalties by 0.3% in the 1st quarter. Heartland Advisors Inc. now owns 805,255 shares of the basic materials company worth $10,621,000 after purchasing an additional 2,400 shares during the period. Finally, UMB Bank NA MO increased its stake in Osisko Gold Royalties shares by 141.2% in the 1st quarter. UMB Bank NA MO now owns 4,100 shares of the basic materials company worth $54,000 after purchasing an additional 2,400 shares during the period. Institutional investors hold 66.21% of the company’s shares.

About Osisko Gold Royalties

(Get an evaluation)

Osisko Gold Royalties Ltd acquires and manages precious metals and other royalties, streams, levies and other interests in Canada and abroad. It also holds options on royalty/stream financing; and exclusive rights to participate in future royalty/stream financings on various projects. The Company’s principal asset is a 5% net smelter return royalty on the Canadian Malartic mine located in Canada.

Read more



Receive daily news and reviews on Osisko’s gold royalties – Enter your email address below to receive a concise daily summary of the latest news and analyst notes for Osisko Gold Royalties and related companies with MarketBeat.com’s FREE daily email newsletter.

Comments are closed.