Canaccord Genuity Group Downgrades Osisko Gold Royalties (TSE:OR) to Hold

Key Points

• Canaccord Genuity Group downgraded Osisko Gold Royalties from a "buy" rating to a "hold" rating, raising the price target from C$44.00 to C$56.00, suggesting a potential upside of 1.16%.
• Shares of Osisko Gold Royalties traded down 1.2%, reaching C$55.36, with a market cap of C$10.42 billion and a P/E ratio of 131.81.
• Despite the downgrade, analysts maintain a "Moderate Buy" consensus rating, with an average price target of C$41.00, influenced by varying updates from other analyst firms.

Osisko Gold Royalties (TSE:OR - Get Free Report) was downgraded by Canaccord Genuity Group from a "buy" rating to a "hold" rating in a note issued to investors on Thursday,BayStreet.CA reports. They presently have a C$56.00 price target on the stock, up from their prior price target of C$44.00. Canaccord Genuity Group's price objective would suggest a potential upside of 1.16% from the stock's previous close.

Other equities analysts also recently issued reports about the company. National Bankshares raised their price target on Osisko Gold Royalties from C$38.00 to C$40.00 and gave the company an "outperform" rating in a report on Tuesday, June 24th. BMO Capital Markets raised their price target on shares of Osisko Gold Royalties from C$31.00 to C$33.00 in a research report on Wednesday, June 4th. Finally, TD Securities raised their price target on shares of Osisko Gold Royalties from C$35.00 to C$40.00 in a research report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of C$41.00.

Osisko Gold Royalties Stock Down 1.2%

OR stock traded down C$0.67 on Thursday, reaching C$55.36. 507,074 shares of the company traded hands, compared to its average volume of 375,787. Osisko Gold Royalties has a one year low of C$24.96 and a one year high of C$57.15. The company has a debt-to-equity ratio of 5.29, a current ratio of 4.40 and a quick ratio of 0.98. The company has a market cap of C$10.42 billion, a P/E ratio of 131.81, a price-to-earnings-growth ratio of 1.31 and a beta of 0.85. The firm has a fifty day simple moving average of C$45.18 and a 200-day simple moving average of C$37.48.

Osisko Gold Royalties Company Profile

Osisko is an intermediate precious metal royalty company focused on the Americas that commenced activities in June 2014. Osisko holds a North American focused portfolio of over 175 royalties, streams and precious metal offtakes. Osisko's portfolio is anchored by its cornerstone asset, a 5% net smelter return royalty on the Canadian Malartic mine, which is the largest gold mine in Canada.

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