Osisko Gold Royalties (TSE:OR) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Osisko Gold Royalties Ltd (TSE:OR)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$51.01 and traded as low as C$45.65. Osisko Gold Royalties shares last traded at C$46.29, with a volume of 175,013 shares trading hands.

Analysts Set New Price Targets

Separately, Canadian Imperial Bank of Commerce lowered their price objective on shares of Osisko Gold Royalties from C$88.00 to C$85.00 in a research report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Osisko Gold Royalties presently has a consensus rating of “Moderate Buy” and an average price target of C$63.20.

Osisko Gold Royalties Stock Up 1.2%

The company has a 50 day simple moving average of C$44.26 and a two-hundred day simple moving average of C$51.01. The company has a quick ratio of 0.98, a current ratio of 2.28 and a debt-to-equity ratio of 14.78. The company has a market capitalization of C$8.67 billion, a P/E ratio of 30.86, a PEG ratio of 1.31 and a beta of 1.86.

Osisko Gold Royalties (TSE:OR) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C$0.46 earnings per share (EPS) for the quarter. The business had revenue of C$138.98 million for the quarter. Osisko Gold Royalties had a return on equity of 21.84% and a net margin of 80.76%.

Insider Buying and Selling at Osisko Gold Royalties

In related news, Director Duncan Cornell Card sold 5,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of C$50.99, for a total transaction of C$254,950.00. Corporate insiders own 0.38% of the company’s stock.

Osisko Gold Royalties Company Profile

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.