National Bankshares Raises Osisko Gold Royalties (TSE:OR) Price Target to C$22.00

Osisko Gold Royalties (TSE:ORGet Rating) had its target price lifted by analysts at National Bankshares from C$20.00 to C$22.00 in a research note issued on Wednesday, BayStreet.CA reports. National Bankshares’ price objective points to a potential upside of 24.36% from the company’s previous close.

Other analysts have also issued research reports about the stock. BMO Capital Markets decreased their target price on shares of Osisko Gold Royalties from C$19.00 to C$18.00 in a research report on Monday. Scotiabank raised their target price on shares of Osisko Gold Royalties from C$22.50 to C$24.00 in a research report on Tuesday. TD Securities boosted their target price on shares of Osisko Gold Royalties from C$21.00 to C$23.00 and gave the company a “buy” rating in a report on Tuesday, April 5th. Finally, Raymond James set a C$23.00 price target on shares of Osisko Gold Royalties and gave the stock an “outperform” rating in a research note on Monday, April 4th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Osisko Gold Royalties currently has a consensus rating of “Buy” and an average price target of C$22.15.

Shares of OR stock traded up C$0.21 during mid-day trading on Wednesday, reaching C$17.69. The stock had a trading volume of 443,254 shares, compared to its average volume of 517,164. The business has a 50-day simple moving average of C$16.76 and a 200 day simple moving average of C$15.65. The company has a market cap of C$3.27 billion and a P/E ratio of -125.46. The company has a current ratio of 0.44, a quick ratio of 0.38 and a debt-to-equity ratio of 24.09. Osisko Gold Royalties has a 12-month low of C$13.60 and a 12-month high of C$18.59.

Osisko Gold Royalties (TSE:ORGet Rating) last announced its earnings results on Thursday, February 24th. The company reported C$0.02 earnings per share for the quarter, missing the consensus estimate of C$0.12 by C($0.10). The company had revenue of C$50.67 million for the quarter. Research analysts anticipate that Osisko Gold Royalties will post 0.56 EPS for the current year.

About Osisko Gold Royalties (Get Rating)

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

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