Osisko Gold Royalties (TSE:OR) Reaches New 12-Month High – Should You Buy?

Shares of Osisko Gold Royalties Ltd (TSE:OR) reached a new 52-week high during trading on Friday . The stock traded as high as C$65.31 and last traded at C$65.21, with a volume of 42162 shares traded. The stock had previously closed at C$64.36.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Raymond James Financial upgraded shares of Osisko Gold Royalties from a “hold” rating to a “moderate buy” rating in a research report on Thursday, November 6th. Stifel Nicolaus upped their price target on shares of Osisko Gold Royalties from C$61.00 to C$70.00 in a research note on Tuesday, February 10th. Finally, TD Securities cut their price objective on Osisko Gold Royalties from C$67.00 to C$64.00 and set a “hold” rating for the company in a report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$50.50.

Osisko Gold Royalties Price Performance

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 stock has a market capitalization of C$12.12 billion, a price-to-earnings ratio of 59.29, a PEG ratio of 1.31 and a beta of 1.27. The stock’s 50 day simple moving average is C$56.30 and its 200-day simple moving average is C$50.94.

Osisko Gold Royalties Company Profile

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.