Osisko gold royalties (TSE:OR) Price Target Raised to C$16.50 at TD Securities

Osisko gold royalties (TSE:OR) had its price objective increased by TD Securities from C$16.00 to C$16.50 in a research note issued on Friday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ price objective suggests a potential upside of 18.45% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Raymond James set a $60.00 price target on shares of Banner and gave the company a “buy” rating in a report on Friday, May 3rd. Desjardins downgraded shares of Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. Canaccord Genuity reissued an “average” rating and issued a $18.00 target price on shares of in a research note on Wednesday, May 22nd. Finally, National Bank Financial raised their target price on shares of Wesdome Gold Mines from C$6.00 to C$6.25 and gave the company an “outperform” rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of C$16.46.

Shares of OR traded up C$0.42 during mid-day trading on Friday, reaching C$13.93. The company had a trading volume of 447,799 shares, compared to its average volume of 412,625. The firm has a market capitalization of $2.08 billion and a PE ratio of -16.18. The company’s fifty day simple moving average is C$13.87. Osisko gold royalties has a fifty-two week low of C$9.27 and a fifty-two week high of C$16.08. The company has a debt-to-equity ratio of 19.34, a quick ratio of 5.80 and a current ratio of 5.84.

Osisko gold royalties (TSE:OR) last announced its quarterly earnings results on Wednesday, May 1st. The company reported C$0.04 earnings per share for the quarter, meeting the Zacks’ consensus estimate of C$0.04. The company had revenue of C$100.73 million during the quarter, compared to analyst estimates of C$121.00 million. On average, equities research analysts expect that Osisko gold royalties will post 0.24 EPS for the current fiscal year.

Osisko gold royalties Company Profile

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and similar interests in Canada and internationally. Its assets include the 5% net smelter return (NSR) royalty on the Canadian Malartic mine; the 2.0% to 3.5% NSR royalty on the Eleonore mine; a 9.6% diamond stream on the Renard diamond mine; a 4% gold and silver stream on the Brucejack gold; a 3% NSR royalty on the Seabee gold operations located in Saskatchewan, Canada; and the 1.38% to 2.55% NSR royalty on the Island Gold mine.

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Analyst Recommendations for Osisko gold royalties (TSE:OR)

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