Osisko gold royalties Ltd (OR) Given Consensus Recommendation of “Buy” by Brokerages
Osisko gold royalties Ltd (TSE:OR) has received a consensus rating of “Buy” from the nine analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$19.19.
A number of brokerages recently weighed in on OR. Scotiabank boosted their target price on shares of Osisko gold royalties from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a report on Wednesday, June 7th. TD Securities downgraded shares of Osisko gold royalties from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$19.50 to C$19.00 in a report on Tuesday, June 6th. Royal Bank Of Canada reiterated an “outperform” rating and issued a C$21.00 price objective (up from C$20.00) on shares of Osisko gold royalties in a report on Tuesday, June 6th. Canaccord Genuity reiterated a “buy” rating and issued a C$21.50 price objective on shares of Osisko gold royalties in a report on Tuesday, June 6th. Finally, Raymond James Financial, Inc. started coverage on shares of Osisko gold royalties in a report on Thursday, June 15th. They issued an “outperform” rating and a C$20.00 price objective on the stock.
In related news, Director John Feliks Burzynski sold 46,800 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of C$16.30, for a total value of C$762,840.00. Also, Director Christopher C. Curfman purchased 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was acquired at an average price of C$12.32 per share, for a total transaction of C$36,960.00. Over the last 90 days, insiders purchased 5,790 shares of company stock worth $76,370 and sold 75,300 shares worth $1,226,020.
Osisko gold royalties (TSE:OR) traded up 0.52% on Friday, reaching $15.50. 255,471 shares of the company were exchanged. Osisko gold royalties has a 12-month low of $11.90 and a 12-month high of $18.64. The firm has a market capitalization of $1.65 billion and a PE ratio of 35.80. The stock has a 50 day moving average of $15.63 and a 200 day moving average of $14.67.
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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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