Osisko Gold Royalties (TSE:OR) Price Target Raised to C$70.00

Osisko Gold Royalties (TSE:OR) had its price target raised by Stifel Nicolaus from C$61.00 to C$70.00 in a report issued on Tuesday,BayStreet.CA reports.

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

Osisko Gold Royalties Stock Performance

Shares of TSE:OR opened at C$54.82 on Tuesday. Osisko Gold Royalties has a 1 year low of C$25.35 and a 1 year high of C$65.10. The stock has a market capitalization of C$10.31 billion, a price-to-earnings ratio of 70.28, a price-to-earnings-growth ratio of 1.31 and a beta of 1.27. The company has a debt-to-equity ratio of 5.29, a current ratio of 4.40 and a quick ratio of 0.98. The company’s 50 day simple moving average is C$53.69 and its 200 day simple moving average is C$49.29.

Insider Buying and Selling at Osisko Gold Royalties

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 transaction of C$198,976.05. Following the sale, the insider directly owned 24,814 shares in the company, valued at approximately C$1,120,352.10. The trade was a 15.08% decrease in their ownership of the stock. Company insiders own 0.38% of the company’s stock.

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.