Osisko Gold Royalties (TSE:OR) Price Target Raised to C$38.00

Osisko Gold Royalties (TSE:OR) had its price target raised by analysts at Stifel Nicolaus from C$33.00 to C$38.00 in a report released on Monday,BayStreet.CA reports. Stifel Nicolaus’ price target would indicate a potential upside of 18.79% from the stock’s current price.

A number of other equities analysts have also recently issued reports on OR. Scotiabank upgraded shares of Osisko Gold Royalties from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 14th. TD Securities raised their target price on Osisko Gold Royalties from C$30.00 to C$35.00 in a research note on Tuesday, April 15th. Finally, National Bankshares increased their price objective on shares of Osisko Gold Royalties from C$34.00 to C$35.50 and gave the stock an “outperform” rating in a research report on Wednesday, April 2nd.

Osisko Gold Royalties Stock Down 1.0 %

Shares of Osisko Gold Royalties stock traded down C$0.32 during trading on Monday, reaching C$31.99. The stock had a trading volume of 83,941 shares, compared to its average volume of 378,108. The stock has a fifty day moving average price of C$28.60 and a two-hundred day moving average price of C$27.59. The company has a current ratio of 4.40, a quick ratio of 0.98 and a debt-to-equity ratio of 5.29. Osisko Gold Royalties has a 52 week low of C$20.67 and a 52 week high of C$33.48. The company has a market capitalization of C$5.97 billion, a price-to-earnings ratio of -108.68, a P/E/G ratio of 1.31 and a beta of 0.90.

Insider Activity

In other Osisko Gold Royalties news, Director Michael David Saynor Spencer sold 4,992 shares of the stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of C$32.79, for a total transaction of C$163,687.68. Also, Senior Officer Iain Wesley Farmer sold 26,100 shares of Osisko Gold Royalties 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. In the last 90 days, insiders have sold 64,058 shares of company stock valued at $1,898,479. 0.38% of the stock is currently owned by insiders.

Osisko Gold Royalties Company Profile

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally. It also owns options on offtake; royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company's primary asset is a 3-5% net smelter return royalty on the Canadian Malartic complex located in Canada.