Osisko Gold Royalties (TSE:OR) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Osisko Gold Royalties Ltd (TSE:OR)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$47.30 and traded as high as C$49.41. Osisko Gold Royalties shares last traded at C$48.40, with a volume of 343,071 shares changing hands.

Analyst Ratings Changes

A number of research firms recently commented on OR. Canaccord Genuity Group upgraded Osisko Gold Royalties from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Scotiabank downgraded shares of Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. Raymond James Financial upgraded shares of Osisko Gold Royalties from a “hold” rating to a “moderate buy” rating in a research note on Thursday, November 6th. Finally, Jefferies Financial Group lowered shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating and set a C$40.00 price objective for the company. in a research note on Sunday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$41.17.

Osisko Gold Royalties Stock Down 0.5%

The firm has a market capitalization of C$9.11 billion, a price-to-earnings ratio of 62.05, a price-to-earnings-growth ratio of 1.31 and a beta of 1.20. The company has a debt-to-equity ratio of 5.29, a quick ratio of 0.98 and a current ratio of 4.40. The business’s 50 day moving average is C$47.30 and its 200-day moving average is C$45.16.

Insider Buying and Selling at Osisko Gold Royalties

In related news, insider Guy Desharnais sold 4,407 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of C$45.15, for a total transaction of C$198,976.05. Following the completion of the sale, the insider owned 24,814 shares in the company, valued at C$1,120,352.10. This represents a 15.08% decrease in their position. Corporate insiders own 0.38% of the company’s stock.

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.