Osisko Gold Royalties (TSE:OR) Cut to "Hold" at Scotiabank

Key Points

• Osisko Gold Royalties has been downgraded by Scotiabank from a "strong-buy" to a "hold" rating.
• Market analysts exhibit mixed views, with Canaccord Genuity upgrading the stock to "strong-buy," while others like Jefferies and Raymond James downgraded their ratings.
• The stock has an average price target of C$40.86, with a current market capitalization of C$8.86 billion and a price-to-earnings ratio of 112.12.

Osisko Gold Royalties (TSE:OR - Get Free Report) was downgraded by investment analysts at Scotiabank from a "strong-buy" rating to a "hold" rating in a research note issued on Thursday,Zacks.com reports.

Several other equities analysts have also weighed in on OR. Canaccord Genuity Group upgraded shares of Osisko Gold Royalties from a "hold" rating to a "strong-buy" rating in a report on Wednesday. Jefferies Financial Group lowered shares of Osisko Gold Royalties from a "buy" rating to a "hold" rating and set a C$40.00 target price on the stock. in a report on Sunday, October 5th. Raymond James Financial lowered shares of Osisko Gold Royalties from a "moderate buy" rating to a "hold" rating in a report on Friday, October 10th. Finally, TD Securities boosted their target price on shares of Osisko Gold Royalties from C$35.00 to C$40.00 in a report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of C$40.86.

Osisko Gold Royalties Stock Performance

TSE:OR opened at C$47.09 on Thursday. 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 firm has a market capitalization of C$8.86 billion, a price-to-earnings ratio of 112.12, a PEG ratio of 1.31 and a beta of 1.18. The company's 50-day moving average is C$49.41 and its two-hundred day moving average is C$40.12. Osisko Gold Royalties has a 1-year low of C$25.35 and a 1-year high of C$58.84.

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.

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