Osisko Gold Royalties (TSE:OR) Share Price Passes Above 50-Day Moving Average on Analyst Downgrade

Shares of Osisko Gold Royalties Ltd (TSE:OR) crossed above its 50-day moving average during trading on Friday after TD Securities raised their price target on the stock from C$35.00 to C$40.00. The stock has a 50-day moving average of C$45.86 and traded as high as C$55.80. Osisko Gold Royalties shares last traded at C$55.03, with a volume of 525,791 shares traded.

Several other analysts also recently weighed in on the company. Canaccord Genuity Group upped their price target on Osisko Gold Royalties from C$37.00 to C$40.00 in a research note on Tuesday, June 10th. Stifel Nicolaus upped their price target on Osisko Gold Royalties from C$33.00 to C$38.00 in a research note on Monday, April 21st. National Bankshares increased their target price on Osisko Gold Royalties from C$38.00 to C$40.00 and gave the company an “outperform” rating in a research note on Tuesday, June 24th. Scotiabank upgraded Osisko Gold Royalties from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 14th. Finally, BMO Capital Markets increased their target price on Osisko Gold Royalties from C$31.00 to C$33.00 in a research note on Wednesday, June 4th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$41.00.

Osisko Gold Royalties Trading Down 0.6%

The firm has a 50 day simple moving average of C$45.86 and a 200 day simple moving average of C$37.85. The company has a current ratio of 4.40, a quick ratio of 0.98 and a debt-to-equity ratio of 5.29. The firm has a market capitalization of C$10.36 billion, a PE ratio of 131.02, a P/E/G ratio of 1.31 and a beta of 0.85.

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.