Trade Report: Today, Osisko Gold Royalties Ltd (OR) Cut to Hold at The Zacks Investment Research

Today, Osisko Gold Royalties Ltd (OR) Cut to Hold at The Zacks Investment Research

Osisko Gold Royalties Ltd (NYSE:OR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday.

According to Zacks, “Osisko Gold Ltd is a mining company which is engaged in exploration and mining for gold and other precious metals. Osisko Gold Ltd is headquartered in Montreal, Canada. “

Other equities research analysts have also issued research reports about the company. National Bank Financial restated an “outperform overweight” rating on shares of Osisko Gold Royalties in a research report on Thursday, August 4th. Desjardins reiterated a “buy” rating on shares of Osisko Gold Royalties in a report on Tuesday, October 25th.

Osisko Gold Royalties (NYSE:OR) opened at 9.53 on Friday. Osisko Gold Royalties has a 12-month low of $9.10 and a 12-month high of $14.74. The firm has a market capitalization of $1.02 billion and a price-to-earnings ratio of 34.91. The company’s 50 day moving average price is $10.14 and its 200-day moving average price is $11.59.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 16th. Shareholders of record on Saturday, December 31st will be issued a $0.0299 dividend. The ex-dividend date of this dividend is Wednesday, December 28th. This represents a $0.12 annualized dividend and a yield of 1.25%.

A number of hedge funds and other institutional investors have recently made changes to their positions in OR. Advisor Group Inc. purchased a new position in shares of Osisko Gold Royalties during the third quarter valued at about $160,000. Bank of New York Mellon Corp bought a new position in Osisko Gold Royalties during the third quarter worth $270,000. JPMorgan Chase & Co. bought a new position in Osisko Gold Royalties during the third quarter worth $313,000. Cidel Asset Management Inc. bought a new position in Osisko Gold Royalties during the third quarter worth $429,000. Finally, CIBC World Markets Inc. bought a new position in Osisko Gold Royalties during the third quarter worth $543,000.

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