Osisko Gold Royalties (NYSE:OR) Price Target Raised to $22.00 at Jefferies Financial Group

Osisko Gold Royalties (NYSE:OR) had its target price boosted by investment analysts at Jefferies Financial Group from $19.00 to $22.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the basic materials company’s stock. Jefferies Financial Group’s target price suggests a potential upside of 18.22% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. TD Securities raised shares of Osisko Gold Royalties to a “strong-buy” rating in a research note on Monday, July 22nd. Royal Bank of Canada decreased their price objective on Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th.

Osisko Gold Royalties Price Performance

Shares of OR opened at $18.61 on Friday. The company has a quick ratio of 4.92, a current ratio of 4.92 and a debt-to-equity ratio of 0.07. The stock has a market cap of $3.46 billion, a PE ratio of -88.62 and a beta of 1.04. Osisko Gold Royalties has a 12-month low of $11.43 and a 12-month high of $19.03. The business has a 50-day simple moving average of $17.52 and a two-hundred day simple moving average of $16.75.

Osisko Gold Royalties (NYSE:OR) last released its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. The company had revenue of $47.39 million during the quarter. Osisko Gold Royalties had a positive return on equity of 6.80% and a negative net margin of 36.71%. Analysts anticipate that Osisko Gold Royalties will post 0.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of OR. National Bank of Canada FI increased its position in shares of Osisko Gold Royalties by 3.2% during the first quarter. National Bank of Canada FI now owns 1,473,449 shares of the basic materials company’s stock worth $24,046,000 after buying an additional 45,866 shares during the period. Price T Rowe Associates Inc. MD bought a new stake in Osisko Gold Royalties during the first quarter valued at $109,825,000. Sprott Inc. grew its holdings in Osisko Gold Royalties by 10.4% during the 4th quarter. Sprott Inc. now owns 3,820,710 shares of the basic materials company’s stock worth $54,558,000 after acquiring an additional 361,372 shares during the period. Renaissance Technologies LLC raised its position in shares of Osisko Gold Royalties by 12.9% in the 2nd quarter. Renaissance Technologies LLC now owns 239,800 shares of the basic materials company’s stock worth $3,736,000 after acquiring an additional 27,400 shares in the last quarter. Finally, Creekmur Asset Management LLC acquired a new position in shares of Osisko Gold Royalties in the 4th quarter valued at about $136,000. Institutional investors and hedge funds own 68.52% of the company’s stock.

Osisko Gold Royalties Company Profile

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally. It also owns options on offtake; royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company's primary asset is a 3-5% net smelter return royalty on the Canadian Malartic complex located in Canada.