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.