Osisko Gold Royalties (TSE:OR) Price Target Raised to C$40.00

Osisko Gold Royalties (TSE:OR) had its price target increased by Canaccord Genuity Group from C$37.00 to C$40.00 in a report released on Tuesday,BayStreet.CA reports.

OR has been the subject of several other research reports. BMO Capital Markets boosted their price objective on Osisko Gold Royalties from C$31.00 to C$33.00 in a report on Wednesday, June 4th. TD Securities boosted their price target on shares of Osisko Gold Royalties from C$30.00 to C$35.00 in a research note on Tuesday, April 15th. Stifel Nicolaus upped their target price on shares of Osisko Gold Royalties from C$33.00 to C$38.00 in a research report on Monday, April 21st. National Bankshares upped their price objective on Osisko Gold Royalties from C$34.00 to C$35.50 and gave the stock an “outperform” rating in a report on Wednesday, April 2nd. Finally, Scotiabank upgraded Osisko Gold Royalties from a “hold” rating to a “strong-buy” rating in a report on Monday, April 14th.

Osisko Gold Royalties Price Performance

Osisko Gold Royalties stock opened at C$35.94 on Tuesday. Osisko Gold Royalties has a 52 week low of C$20.67 and a 52 week high of C$37.66. The business has a 50-day simple moving average of C$33.10 and a 200 day simple moving average of C$29.41. The company has a quick ratio of 0.98, a current ratio of 4.40 and a debt-to-equity ratio of 5.29. The stock has a market cap of C$6.71 billion, a price-to-earnings ratio of -122.10, a PEG ratio of 1.31 and a beta of 0.90.

Insider Activity at Osisko Gold Royalties

In related news, Senior Officer Iain Wesley Farmer sold 26,100 shares of the company’s stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of C$32.92, for a total value of C$859,219.83. Also, Director Michael David Saynor Spencer sold 4,992 shares of the stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of C$32.79, for a total transaction of C$163,687.68. 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.