Todays Report: Today, The Zacks Investment Research Downgrade Osisko Gold Royalties Ltd (OR) to Hold

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

Osisko Gold Royalties Ltd (NYSE:OR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released 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. “

A number of other analysts have also recently weighed in on the stock. Desjardins reissued a “buy” rating on shares of Osisko Gold Royalties in a report on Tuesday, October 25th. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Osisko Gold Royalties in a report on Thursday, August 4th.

Osisko Gold Royalties (NYSE:OR) traded up 0.52% during trading on Friday, reaching $9.58. 12,464 shares of the company’s stock traded hands. The stock has a market cap of $1.02 billion and a P/E ratio of 35.09. The firm’s 50 day moving average price is $10.14 and its 200-day moving average price is $11.59. Osisko Gold Royalties has a one year low of $9.10 and a one year high of $14.74.

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

Institutional investors have recently made changes to their positions in the stock. Cidel Asset Management Inc. acquired a new position in shares of Osisko Gold Royalties during the third quarter worth approximately $429,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in shares of Osisko Gold Royalties during the third quarter valued at about $14,178,000. Sprott Inc. purchased a new position in shares of Osisko Gold Royalties during the third quarter valued at about $854,000. Emerald Acquisition Ltd. purchased a new position in shares of Osisko Gold Royalties during the third quarter valued at about $1,898,000. Finally, Advisor Group Inc. purchased a new position in shares of Osisko Gold Royalties during the third quarter valued at about $160,000.

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