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

Osisko Gold Royalties (TSE:OR) had its target price upped by Stifel Nicolaus from C$61.00 to C$70.00 in a note issued to investors on Tuesday,BayStreet.CA reports. Stifel Nicolaus’ price target would suggest a potential upside of 21.53% from the stock’s previous close.

OR has been the subject of a number of other reports. Canaccord Genuity Group raised shares of Osisko Gold Royalties from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Raymond James Financial raised shares of Osisko Gold Royalties from a “hold” rating to a “moderate buy” rating in a research note on Thursday, November 6th. Scotiabank downgraded shares of Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. Finally, TD Securities increased their price target on shares of Osisko Gold Royalties from C$52.00 to C$66.00 in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$50.83.

Osisko Gold Royalties Price Performance

Shares of OR stock traded up C$0.43 during trading hours on Tuesday, hitting C$57.60. The stock had a trading volume of 97,258 shares, compared to its average volume of 493,178. 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 stock has a market capitalization of C$10.83 billion, a price-to-earnings ratio of 73.85, a PEG ratio of 1.31 and a beta of 1.27. Osisko Gold Royalties has a one year low of C$25.35 and a one year high of C$65.10. The stock’s 50-day moving average price is C$53.09 and its two-hundred day moving average price is C$49.04.

Insider Transactions at Osisko Gold Royalties

In other Osisko Gold Royalties news, insider Guy Desharnais sold 4,407 shares of the firm’s stock in a transaction on 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 transaction, the insider directly owned 24,814 shares in the company, valued at C$1,120,352.10. This trade represents a 15.08% decrease in their position. 0.38% of the stock is currently owned by company 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.