Canadian Imperial Bank of Commerce Issues Pessimistic Forecast for Osisko Gold Royalties (TSE:OR) Stock Price

Osisko Gold Royalties (TSE:OR) had its target price dropped by analysts at Canadian Imperial Bank of Commerce from C$88.00 to C$85.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price objective would indicate a potential upside of 114.38% from the stock’s current price.

Separately, Stifel Nicolaus boosted their price target on shares of Osisko Gold Royalties from C$70.00 to C$71.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Osisko Gold Royalties presently has an average rating of “Moderate Buy” and an average target price of C$63.20.

Osisko Gold Royalties Stock Performance

Shares of OR opened at C$39.65 on Thursday. The stock has a 50-day simple moving average of C$47.14 and a 200-day simple moving average of C$52.56. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.98 and a current ratio of 4.11. The stock has a market capitalization of C$7.43 billion, a PE ratio of 29.59, a PEG ratio of 1.31 and a beta of 1.85. Osisko Gold Royalties has a 1 year low of C$37.10 and a 1 year high of C$65.54.

Osisko Gold Royalties (TSE:OR) last announced its quarterly earnings data on Wednesday, May 6th. The company reported C$0.56 EPS for the quarter. Osisko Gold Royalties had a return on equity of 19.91% and a net margin of 82.42%.The business had revenue of C$142.97 million during the quarter.

Insiders Place Their Bets

In other Osisko Gold Royalties news, Director Duncan Cornell Card sold 5,000 shares of Osisko Gold Royalties stock in a transaction dated Monday, June 15th. The stock was sold at an average price of C$50.99, for a total transaction of C$254,950.00. Also, Director Everard Trenton Richards sold 15,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of C$53.85, for a total value of C$807,750.00. 0.38% of the stock is owned by company insiders.

Osisko Gold Royalties Company Profile

OR Royalties is a precious metals royalty and streaming company focused on Tier-1 mining jurisdictions defined as Canada, the United States, and Australia. OR Royalties commenced activities in June 2014 with a single producing asset, and today holds a portfolio of over 195 royalties, streams and similar interests. OR Royalties’ portfolio is anchored by its cornerstone asset, the 3-5% net smelter return royalty on Agnico Eagle Mines Limited’s Canadian Malartic Complex, one of the world’s largest gold mines.