Osisko Gold Royalties (TSE:OR) Given New C$70.00 Price Target at Stifel Nicolaus

Osisko Gold Royalties (TSE:OR) had its price target lifted by Stifel Nicolaus from C$61.00 to C$70.00 in a research note released on Tuesday,BayStreet.CA reports.

Several other equities analysts have also recently issued reports on OR. Canaccord Genuity Group raised shares of Osisko Gold Royalties from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Raymond James Financial upgraded shares of Osisko Gold Royalties from a “hold” rating to a “moderate buy” rating in a report on Thursday, November 6th. TD Securities lifted their price target on shares of Osisko Gold Royalties from C$52.00 to C$66.00 in a research report on Thursday, January 22nd. Finally, Scotiabank downgraded Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$50.83.

Osisko Gold Royalties Trading Up 1.9%

Shares of OR stock opened at C$58.24 on Tuesday. The stock has a 50-day simple moving average of C$53.31 and a 200 day simple moving average of C$49.18. Osisko Gold Royalties has a fifty-two week low of C$25.35 and a fifty-two week high of C$65.10. The stock has a market capitalization of C$10.95 billion, a P/E ratio of 74.67, a P/E/G ratio of 1.31 and a beta of 1.27. The company has a quick ratio of 0.98, a current ratio of 4.40 and a debt-to-equity ratio of 5.29.

Insider Transactions at Osisko Gold Royalties

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

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.