Capital market

BMO Capital Markets Lowers Osisko Gold Royalties (NYSE:OR) Price Target to C$20.00

BMO Capital Markets reduced their price objective on Osisko Gold Royalties from C$21.00 to C$20.00 in a research report on Wednesday.

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Feb 3, 2023 • 3 min read

Osisko Gold Royalties (NYSE:OR - Get Rating) had its price objective reduced by analysts at BMO Capital Markets from C$21.00 to C$20.00 in a report issued on Wednesday, The Fly reports.

A number of other brokerages have also issued reports on OR. Raymond James raised their price target on Osisko Gold Royalties from C$21.00 to C$21.50 in a research note on Thursday, December 29th. National Bank Financial raised their target price on Osisko Gold Royalties from C$20.00 to C$22.00 in a report on Thursday, October 13th. Finally, TD Securities raised their target price on Osisko Gold Royalties from C$20.00 to C$21.00 in a report on Monday, November 14th.

Osisko Gold Royalties Stock Up 2.5 %

Shares of OR traded up $0.31 during trading hours on Wednesday, reaching $12.56. 16,507 shares of the company traded hands, compared to its average volume of 584,498. The stock has a market capitalization of $2.31 billion, a PE ratio of -18.20 and a beta of 0.74. Osisko Gold Royalties has a fifty-two week low of $9.19 and a fifty-two week high of $14.56. The stock has a fifty day simple moving average of $12.10 and a 200 day simple moving average of $10.83.

Osisko Gold Royalties (NYSE:OR - Get Rating) last posted its quarterly earnings data on Wednesday, November 9th. The basic materials company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.03. Osisko Gold Royalties had a positive return on equity of 1.31% and a negative net margin of 69.93%. The business had revenue of $41.14 million for the quarter. Research analysts predict that Osisko Gold Royalties will post 0.38 EPS for the current fiscal year.

Institutional Trading of Osisko Gold Royalties

Several hedge funds have recently added to or reduced their stakes in the business. EdgePoint Investment Group Inc. raised its stake in Osisko Gold Royalties by 15.9% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 21,536,465 shares of the basic materials company's stock valued at $220,009,000 after acquiring an additional 2,950,092 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Osisko Gold Royalties by 7.5% in the 3rd quarter. Van ECK Associates Corp now owns 18,531,550 shares of the basic materials company's stock worth $188,651,000 after buying an additional 1,299,913 shares in the last quarter. Millennium Management LLC raised its stake in shares of Osisko Gold Royalties by 18.3% in the 2nd quarter. Millennium Management LLC now owns 8,003,810 shares of the basic materials company's stock worth $80,838,000 after buying an additional 1,238,254 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Osisko Gold Royalties by 12.0% in the 3rd quarter. Vanguard Group Inc. now owns 6,270,757 shares of the basic materials company's stock worth $63,837,000 after buying an additional 669,599 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Osisko Gold Royalties by 34.2% in the 2nd quarter. FMR LLC now owns 4,164,596 shares of the basic materials company's stock worth $41,995,000 after buying an additional 1,061,695 shares in the last quarter. Institutional investors own 55.37% of the company's stock.

Osisko Gold Royalties Company Profile

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and offtake and other interests in Canada and internationally. It also owns options on royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company's primary asset is a 5% net smelter return royalty on the Canadian Malartic mine located in Canada.