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

Today, Osisko Gold Royalties Ltd (OR) Rating Decreased 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 note issued to investors 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. “

OR has been the topic of a number of other reports. National Bank Financial restated an “outperform overweight” rating on shares of Osisko Gold Royalties in a research note on Thursday, August 4th. Desjardins restated a “buy” rating on shares of Osisko Gold Royalties in a research note on Tuesday, October 25th.

Shares of Osisko Gold Royalties (NYSE:OR) opened at 9.81 on Friday. The firm has a market capitalization of $1.05 billion and a P/E ratio of 36.20. The company’s 50 day moving average price is $10.13 and its 200-day moving average price is $11.55. Osisko Gold Royalties has a 12 month low of $9.10 and a 12 month high of $14.74.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 16th. Shareholders of record on Saturday, December 31st will be given a dividend of $0.0299 per share. The ex-dividend date is Wednesday, December 28th. This represents a $0.12 dividend on an annualized basis and a yield of 1.22%.

A number of hedge funds have recently bought and sold shares of OR. Advisor Group Inc. purchased a new stake in Osisko Gold Royalties during the third quarter worth approximately $160,000. Bank of New York Mellon Corp purchased a new stake in Osisko Gold Royalties during the third quarter worth approximately $270,000. JPMorgan Chase & Co. purchased a new stake in Osisko Gold Royalties during the third quarter worth approximately $313,000. Cidel Asset Management Inc. purchased a new stake in Osisko Gold Royalties during the third quarter worth approximately $429,000. Finally, CIBC World Markets Inc. purchased a new stake in Osisko Gold Royalties during the third quarter worth approximately $543,000.

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