Osisko Gold Royalties (TSE:OR) Downgraded by Jefferies Financial Group to "Hold"

Key Points

• Osisko Gold Royalties has been downgraded from a "strong-buy" to a "hold" rating by Jefferies Financial Group, indicating a potential slowdown in investor confidence.
• Despite the downgrade, several other firms have raised their target prices on the stock, with National Bankshares and TD Securities both increasing to C$40.00 and Canaccord Genuity raising their target from C$44.00 to C$56.00.
• Osisko Gold Royalties currently has a market capitalization of C$10.61 billion and its shares have recently seen a 52-week high of C$57.15.

Osisko Gold Royalties (TSE:OR - Get Free Report) was downgraded by investment analysts at Jefferies Financial Group from a "buy" rating to a "hold" rating in a research report issued on Sunday, Marketbeat.com reports. They currently have a C$40.00 price target on the stock. Jefferies Financial Group's target price indicates a potential downside of 28.55% from the company's previous close.

A number of other analysts also recently commented on the company. Canaccord Genuity Group downgraded Osisko Gold Royalties from a "buy" rating to a "hold" rating and increased their price target for the company from C$44.00 to C$56.00 in a research report on Thursday, October 2nd. TD Securities boosted their price target on shares of Osisko Gold Royalties from C$35.00 to C$40.00 in a report on Wednesday, July 16th. Finally, National Bankshares increased their target price on shares of Osisko Gold Royalties from C$38.00 to C$40.00 and gave the company an "outperform" rating in a research report on Tuesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Osisko Gold Royalties presently has an average rating of "Moderate Buy" and an average target price of C$40.86.

Osisko Gold Royalties Stock Down 0.7%

OR stock traded down C$0.38 during mid-day trading on Friday, reaching C$55.98. 63,479 shares of the company traded hands, compared to its average volume of 377,079. The stock has a market cap of C$10.53 billion, a price-to-earnings ratio of 133.29, a P/E/G ratio of 1.31 and a beta of 1.18. The company has a quick ratio of 0.98, a current ratio of 4.40 and a debt-to-equity ratio of 5.29. Osisko Gold Royalties has a fifty-two week low of C$24.96 and a fifty-two week high of C$57.15. The firm's 50 day moving average price is C$46.23 and its 200 day moving average price is C$38.17.

About Osisko Gold Royalties

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.