TD Securities Boosts Osisko Gold Royalties (TSE:OR) Price Target to C$40.00

Osisko Gold Royalties (TSE:OR) had its target price increased by research analysts at TD Securities from C$35.00 to C$40.00 in a report issued on Wednesday,BayStreet.CA reports. TD Securities’ target price points to a potential upside of 7.50% from the stock’s previous close.

Several other equities analysts also recently issued reports on the stock. BMO Capital Markets lifted their price target on shares of Osisko Gold Royalties from C$31.00 to C$33.00 in a report on Wednesday, June 4th. Scotiabank raised shares of Osisko Gold Royalties from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 14th. National Bankshares lifted their price objective on shares of Osisko Gold Royalties from C$38.00 to C$40.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 24th. Stifel Nicolaus lifted their price objective on shares of Osisko Gold Royalties from C$33.00 to C$38.00 in a research note on Monday, April 21st. Finally, Canaccord Genuity Group lifted their price objective on shares of Osisko Gold Royalties from C$37.00 to C$40.00 in a research note on Tuesday, June 10th.

Osisko Gold Royalties Price Performance

TSE:OR opened at C$37.21 on Wednesday. The company has a 50-day moving average of C$35.24 and a 200-day moving average of C$30.95. The company has a market capitalization of C$6.95 billion, a price-to-earnings ratio of -126.41, a PEG ratio of 1.31 and a beta of 0.90. Osisko Gold Royalties has a 52 week low of C$21.67 and a 52 week high of C$38.59. The company has a debt-to-equity ratio of 5.29, a quick ratio of 0.98 and a current ratio of 4.40.

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.