Brokerages Set Osisko Gold Royalties Ltd (TSE:OR) PT at C$41.17

Osisko Gold Royalties Ltd (TSE:OR) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$45.50.

Several brokerages have recently issued reports on OR. Raymond James Financial raised shares of Osisko Gold Royalties from a “hold” rating to a “moderate buy” rating in a report on Thursday, November 6th. Jefferies Financial Group cut Osisko Gold Royalties from a “buy” rating to a “hold” rating and set a C$40.00 target price for the company. in a research note on Sunday, October 5th. TD Securities raised their price target on Osisko Gold Royalties from C$52.00 to C$66.00 in a research report on Thursday. Canaccord Genuity Group upgraded Osisko Gold Royalties from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Finally, Scotiabank cut Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd.

Insider Activity

In other news, insider Guy Desharnais sold 4,407 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of C$45.15, for a total transaction of C$198,976.05. Following the completion of the sale, the insider owned 24,814 shares of the company’s stock, valued at C$1,120,352.10. This represents a 15.08% decrease in their ownership of the stock. 0.38% of the stock is owned by corporate insiders.

Osisko Gold Royalties Stock Down 0.8%

Osisko Gold Royalties stock opened at C$61.93 on Monday. The firm has a market capitalization of C$11.64 billion, a price-to-earnings ratio of 79.40, a PEG ratio of 1.31 and a beta of 1.21. The company’s 50 day simple moving average is C$50.75 and its 200 day simple moving average is C$47.35. The company has a debt-to-equity ratio of 5.29, a current ratio of 4.40 and a quick ratio of 0.98. Osisko Gold Royalties has a fifty-two week low of C$25.35 and a fifty-two week high of C$63.13.

Osisko Gold Royalties Company Profile

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.