Osisko Gold Royalties (TSE:OR) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Osisko Gold Royalties Ltd (TSE:OR)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$53.09 and traded as high as C$57.31. Osisko Gold Royalties shares last traded at C$57.17, with a volume of 296,158 shares changing hands.

Wall Street Analysts Forecast Growth

OR has been the subject of a number of recent analyst reports. TD Securities raised their price target on Osisko Gold Royalties from C$52.00 to C$66.00 in a report on Thursday, January 22nd. Canaccord Genuity Group upgraded Osisko Gold Royalties from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Raymond James Financial upgraded Osisko Gold Royalties from a “hold” rating to a “moderate buy” rating in a research note on Thursday, November 6th. Finally, Scotiabank cut Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$45.50.

Osisko Gold Royalties Price Performance

The company has a market capitalization of C$10.75 billion, a price-to-earnings ratio of 73.29, a PEG ratio of 1.31 and a beta of 1.27. 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 company has a 50 day moving average price of C$53.09 and a 200 day moving average price of C$49.04.

Insider Transactions at Osisko Gold Royalties

In other news, insider Guy Desharnais sold 4,407 shares of the firm’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 owned 24,814 shares of the company’s stock, valued at approximately C$1,120,352.10. This trade represents a 15.08% decrease in their position. 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.