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

Osisko Gold Royalties (TSE:OR) had its price objective boosted by TD Securities from C$30.00 to C$35.00 in a research report issued on Tuesday,BayStreet.CA reports. TD Securities’ price objective points to a potential upside of 7.66% from the company’s current price.

Several other brokerages have also recently issued reports on OR. Scotiabank raised Osisko Gold Royalties from a “hold” rating to a “strong-buy” rating in a research report on Monday. National Bankshares raised their price objective on Osisko Gold Royalties from C$34.00 to C$35.50 and gave the stock an “outperform” rating in a research note on Wednesday, April 2nd. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$31.69.

Osisko Gold Royalties Trading Up 2.9 %

Shares of TSE:OR traded up C$0.93 on Tuesday, hitting C$32.51. 82,407 shares of the company’s stock were exchanged, compared to its average volume of 378,326. The stock has a market capitalization of C$6.07 billion, a price-to-earnings ratio of -110.45, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90. The business’s 50 day simple moving average is C$28.27 and its two-hundred day simple moving average is C$27.37. Osisko Gold Royalties has a 12 month low of C$20.67 and a 12 month high of C$32.66. The company has a debt-to-equity ratio of 5.29, a current ratio of 4.40 and a quick ratio of 0.98.

Insider Buying and Selling

In other news, Senior Officer Guy Desharnais sold 5,000 shares of Osisko Gold Royalties stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of C$26.40, for a total transaction of C$132,006.00. Also, Senior Officer André Le Bel sold 10,000 shares of Osisko Gold Royalties stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of C$27.33, for a total transaction of C$273,250.00. Insiders sold a total of 32,966 shares of company stock worth $875,571 in the last 90 days. Insiders own 0.38% of the company’s stock.

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.