Osisko Gold Royalties (TSE:OR) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Osisko Gold Royalties (TSE:OR) had its target price hoisted by equities research analysts at Stifel Nicolaus from C$61.00 to C$70.00 in a research report issued on Tuesday,BayStreet.CA reports. Stifel Nicolaus’ target price suggests a potential upside of 17.43% from the company’s previous close.

Several other brokerages have also recently commented on OR. TD Securities raised their target price on shares of Osisko Gold Royalties from C$52.00 to C$66.00 in a report on Thursday, January 22nd. Raymond James Financial raised Osisko Gold Royalties from a “hold” rating to a “moderate buy” rating in a report on Thursday, November 6th. Canaccord Genuity Group raised Osisko Gold Royalties from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Finally, Scotiabank cut shares of Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$50.83.

Osisko Gold Royalties Trading Up 2.4%

Shares of Osisko Gold Royalties stock opened at C$59.61 on Tuesday. The company has a debt-to-equity ratio of 5.29, a quick ratio of 0.98 and a current ratio of 4.40. The firm has a 50-day moving average of C$53.55 and a 200-day moving average of C$49.25. Osisko Gold Royalties has a 52-week low of C$25.35 and a 52-week high of C$65.10. The stock has a market cap of C$11.21 billion, a PE ratio of 76.42, a PEG ratio of 1.31 and a beta of 1.27.

Insider Transactions at Osisko Gold Royalties

In related news, insider Guy Desharnais sold 4,407 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of C$45.15, for a total value of C$198,976.05. Following the completion of the transaction, 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 position. 0.38% of the stock is currently owned by corporate insiders.

About Osisko Gold Royalties

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.