Osisko Gold Royalties (TSE:OR) Given New C$85.00 Price Target at Canadian Imperial Bank of Commerce

Osisko Gold Royalties (TSE:OR) had its price target reduced by Canadian Imperial Bank of Commerce from C$88.00 to C$85.00 in a research note released on Thursday,BayStreet.CA reports.

Separately, Stifel Nicolaus increased their price target on Osisko Gold Royalties from C$70.00 to C$71.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Osisko Gold Royalties presently has an average rating of “Moderate Buy” and an average target price of C$63.20.

Osisko Gold Royalties Trading Down 2.5%

Shares of TSE OR opened at C$39.42 on Thursday. The company’s 50 day simple moving average is C$47.40 and its 200 day simple moving average is C$52.65. Osisko Gold Royalties has a fifty-two week low of C$36.91 and a fifty-two week high of C$65.54. The firm has a market capitalization of C$7.39 billion, a P/E ratio of 29.42, a P/E/G ratio of 1.31 and a beta of 1.85. The company has a debt-to-equity ratio of 0.31, a current ratio of 4.11 and a quick ratio of 0.98.

Osisko Gold Royalties (TSE:OR) last released its earnings results on Wednesday, May 6th. The company reported C$0.56 EPS for the quarter. The firm had revenue of C$142.97 million during the quarter. Osisko Gold Royalties had a net margin of 82.42% and a return on equity of 19.91%.

Insider Buying and Selling

In other news, Director Duncan Cornell Card sold 5,000 shares of Osisko Gold Royalties stock in a transaction on Monday, June 15th. The shares were sold at an average price of C$50.99, for a total transaction of C$254,950.00. Also, Director Everard Trenton Richards sold 15,000 shares of Osisko Gold Royalties stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of C$53.85, for a total transaction of C$807,750.00. 0.38% of the stock is currently owned by insiders.

About Osisko Gold Royalties

OR Royalties is a precious metals royalty and streaming company focused on Tier-1 mining jurisdictions defined as Canada, the United States, and Australia. OR Royalties commenced activities in June 2014 with a single producing asset, and today holds a portfolio of over 195 royalties, streams and similar interests. OR Royalties’ portfolio is anchored by its cornerstone asset, the 3-5% net smelter return royalty on Agnico Eagle Mines Limited’s Canadian Malartic Complex, one of the world’s largest gold mines.