Osisko gold royalties Ltd (OR) Given New C$20.00 Price Target at Royal Bank Of Canada
Osisko gold royalties Ltd (TSE:OR) had its target price dropped by research analysts at Royal Bank Of Canada from C$21.00 to C$20.00 in a research note issued on Tuesday. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 23.99% from the stock’s current price.
Several other research analysts have also commented on OR. TD Securities lowered Osisko gold royalties from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$19.50 to C$19.00 in a research report on Tuesday, June 6th. Scotiabank lifted their price target on Osisko gold royalties from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 7th. Raymond James Financial, Inc. began coverage on Osisko gold royalties in a research report on Thursday, June 15th. They issued an “outperform” rating and a C$20.00 price target for the company. Canaccord Genuity reiterated a “buy” rating and issued a C$21.50 price target on shares of Osisko gold royalties in a research report on Tuesday, June 6th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a C$15.00 price target on shares of Osisko gold royalties in a research report on Wednesday, May 24th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of C$19.08.
Osisko gold royalties (TSE:OR) traded down 0.68% during trading on Tuesday, hitting $16.02. The stock had a trading volume of 166,029 shares. The company has a 50-day moving average of $15.85 and a 200 day moving average of $15.22. The firm has a market cap of $2.51 billion and a P/E ratio of 41.29. Osisko gold royalties has a 52-week low of $11.90 and a 52-week high of $17.38.
In other Osisko gold royalties news, Director Christopher C. Curfman bought 3,000 shares of the company’s stock in a transaction 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. Also, Director John Feliks Burzynski sold 18,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of C$16.08, for a total value of C$297,480.00. In the last 90 days, insiders have acquired 5,790 shares of company stock valued at $76,370 and have sold 75,300 shares valued at $1,226,020.
About Osisko gold royalties
Osisko Gold Royalties Ltd. acquires and manages precious metal and other royalties and streams, and similar interests in the Americas. It has 5% net smelter returns (NSR) royalty on the Canadian Malartic property located in the province of Québec, Canada; and 2% to 3.5% NSR royalty on the Éléonore mine situated in the James Bay area in Québec, Canada.
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