Osisko Gold Royalties (TSE:OR) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

Osisko Gold Royalties Ltd (TSE:OR)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$48.50 and traded as high as C$57.44. Osisko Gold Royalties shares last traded at C$56.80, with a volume of 560,452 shares.

Wall Street Analyst Weigh In

Several research analysts recently commented on OR shares. Raymond James Financial upgraded Osisko Gold Royalties from a “hold” rating to a “moderate buy” rating in a research report on Thursday, November 6th. Jefferies Financial Group cut Osisko Gold Royalties from a “buy” rating to a “hold” rating and set a C$40.00 target price for the company. in a report on Sunday, October 5th. Canaccord Genuity Group upgraded Osisko Gold Royalties from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Finally, Scotiabank lowered shares of Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd. 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 stock. Based on data from MarketBeat, Osisko Gold Royalties currently has an average rating of “Moderate Buy” and a consensus price target of C$41.17.

Osisko Gold Royalties Price Performance

The stock has a 50 day moving average of C$48.50 and a 200-day moving average of C$46.18. 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 stock has a market capitalization of C$10.68 billion, a P/E ratio of 72.82, a price-to-earnings-growth ratio of 1.31 and a beta of 1.21.

Insider Buying and Selling at Osisko Gold Royalties

In other news, insider Guy Desharnais sold 4,407 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of C$45.15, for a total value of C$198,976.05. Following the transaction, the insider directly owned 24,814 shares in the company, valued at approximately C$1,120,352.10. This represents a 15.08% decrease in their ownership of the stock. Company 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.