Osisko gold royalties Ltd (OR) Receives Consensus Rating of “Buy” from Brokerages
Shares of Osisko gold royalties Ltd (TSE:OR) have been assigned an average rating of “Buy” from the nine research firms that are covering the company. Six equities research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$18.86.
OR has been the subject of several research analyst reports. CIBC raised their target price on Osisko gold royalties from C$15.00 to C$17.00 in a research report on Tuesday, February 28th. Desjardins reaffirmed a “buy” rating and set a C$20.00 target price on shares of Osisko gold royalties in a research report on Wednesday, March 1st. TD Securities raised their target price on Osisko gold royalties from C$19.00 to C$19.50 and gave the company a “buy” rating in a research report on Tuesday, February 28th. BMO Capital Markets set a C$15.00 target price on Osisko gold royalties and gave the company an “outperform” rating in a research report on Wednesday. Finally, Royal Bank of Canada raised their target price on Osisko gold royalties from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research report on Tuesday, May 9th.
Osisko gold royalties (TSE:OR) traded down 2.48% during trading on Wednesday, hitting $14.52. 691,955 shares of the company’s stock traded hands. The company’s 50 day moving average price is $14.71 and its 200 day moving average price is $14.16. Osisko gold royalties has a 52-week low of $11.90 and a 52-week high of $18.64. The company has a market cap of $1.55 billion and a PE ratio of 33.53.
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In related news, Director André Gaumond sold 5,000 shares of Osisko gold royalties stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of C$15.32, for a total value of C$76,600.00. In the last three months, insiders sold 29,633 shares of company stock valued at $446,632.
About Osisko gold royalties
Osisko Gold Royalties Ltd (Osisko) is a Canada-based company engaged in the business of acquiring and managing precious metal and other interests in Canada and across the world. The Company’s assets include the Canadian Malartic mine, located in Malartic, Quebec and Eleonore mine, located in the James Bay area in Quebec.
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