Canaccord Genuity Group Issues Positive Forecast for Osisko Gold Royalties (TSE:OR) Stock Price

Osisko Gold Royalties (TSE:OR) had its price objective raised by Canaccord Genuity Group from C$37.00 to C$40.00 in a research note issued to investors on Tuesday,BayStreet.CA reports.

A number of other equities research analysts have also recently issued reports on OR. TD Securities boosted their target price on shares of Osisko Gold Royalties from C$30.00 to C$35.00 in a research report on Tuesday, April 15th. National Bankshares boosted their target price on shares of Osisko Gold Royalties from C$34.00 to C$35.50 and gave the company an “outperform” rating in a research report on Wednesday, April 2nd. BMO Capital Markets boosted their target price on shares of Osisko Gold Royalties from C$31.00 to C$33.00 in a research report on Wednesday, June 4th. Scotiabank raised shares of Osisko Gold Royalties from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 14th. Finally, Stifel Nicolaus boosted their target price on shares of Osisko Gold Royalties from C$33.00 to C$38.00 in a research report on Monday, April 21st.

Osisko Gold Royalties Trading Down 1.2%

OR stock opened at C$35.13 on Tuesday. 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 company has a fifty day moving average price of C$32.79 and a two-hundred day moving average price of C$29.31. Osisko Gold Royalties has a one year low of C$20.67 and a one year high of C$37.66. The stock has a market cap of C$6.56 billion, a price-to-earnings ratio of -119.35, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90.

Insider Transactions at Osisko Gold Royalties

In other Osisko Gold Royalties news, Director Michael David Saynor Spencer sold 4,992 shares of the firm’s stock in a transaction that occurred on Thursday, April 17th. The shares were 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 the firm’s 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 transaction of C$859,219.83. 0.38% of the stock is owned by company insiders.

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.