Osisko Gold Royalties (TSE:OR) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Osisko Gold Royalties Ltd (TSE:OR)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$53.09 and traded as high as C$57.31. Osisko Gold Royalties shares last traded at C$57.17, with a volume of 296,158 shares.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Canaccord Genuity Group raised shares of Osisko Gold Royalties from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Scotiabank lowered shares of Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. TD Securities raised their price objective on Osisko Gold Royalties from C$52.00 to C$66.00 in a research note on Thursday, January 22nd. Finally, Raymond James Financial raised Osisko Gold Royalties from a “hold” rating to a “moderate buy” rating in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Osisko Gold Royalties presently has a consensus rating of “Moderate Buy” and an average target price of C$45.50.

Osisko Gold Royalties Price Performance

The company has a market cap of C$10.75 billion, a P/E ratio of 73.29, a P/E/G ratio of 1.31 and a beta of 1.27. The company’s 50-day moving average price is C$53.09 and its 200-day moving average price is C$49.04. The company has a debt-to-equity ratio of 5.29, a current ratio of 4.40 and a quick ratio of 0.98.

Insider Activity

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

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.