Osisko Gold Royalties (TSE:OR) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

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

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

Osisko Gold Royalties Stock Up 0.8%

TSE OR traded up C$0.43 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 business’s fifty day moving average price is C$53.09 and its 200 day moving average price is C$49.04. The stock has a market cap of C$10.83 billion, a price-to-earnings ratio of 73.85, a price-to-earnings-growth ratio of 1.31 and a beta of 1.27. The company has a debt-to-equity ratio of 5.29, a current ratio of 4.40 and a quick ratio of 0.98. Osisko Gold Royalties has a 52-week low of C$25.35 and a 52-week high of C$65.10.

Insider Buying and Selling

In related news, insider Guy Desharnais sold 4,407 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of C$45.15, for a total transaction of C$198,976.05. Following the sale, the insider owned 24,814 shares in the company, valued at approximately C$1,120,352.10. This trade represents a 15.08% decrease in their ownership of the stock. Corporate insiders own 0.38% of the company’s stock.

About Osisko Gold Royalties

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.