Canaccord Genuity Group Issues Positive Forecast for Osisko Gold Royalties (TSE:OR) Stock Price

Osisko Gold Royalties (TSE:OR) had its price target increased by equities researchers at Canaccord Genuity Group from C$37.00 to C$40.00 in a report issued on Tuesday,BayStreet.CA reports. Canaccord Genuity Group’s target price points to a potential upside of 13.41% from the company’s current price.

OR has been the topic of several other reports. TD Securities lifted their target price on Osisko Gold Royalties from C$30.00 to C$35.00 in a report on Tuesday, April 15th. Scotiabank upgraded Osisko Gold Royalties from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 14th. Stifel Nicolaus lifted their price objective on Osisko Gold Royalties from C$33.00 to C$38.00 in a research note on Monday, April 21st. BMO Capital Markets raised their target price on Osisko Gold Royalties from C$31.00 to C$33.00 in a research report on Wednesday, June 4th. Finally, National Bankshares raised their target price on shares of Osisko Gold Royalties from C$34.00 to C$35.50 and gave the stock an “outperform” rating in a research note on Wednesday, April 2nd.

Osisko Gold Royalties Price Performance

OR stock traded down C$0.29 during mid-day trading on Tuesday, hitting C$35.27. 201,037 shares of the stock were exchanged, compared to its average volume of 388,287. Osisko Gold Royalties has a 12 month low of C$20.67 and a 12 month high of C$37.66. 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 business has a fifty day moving average price of C$32.68 and a 200 day moving average price of C$29.26. The stock has a market capitalization of C$6.59 billion, a price-to-earnings ratio of -119.82, a PEG ratio of 1.31 and a beta of 0.90.

Insider Buying and Selling

In other news, Senior Officer Iain Wesley Farmer sold 26,100 shares of Osisko Gold Royalties stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of C$32.92, for a total value of C$859,219.83. Also, Director Michael David Saynor Spencer sold 4,992 shares of the business’s stock in a transaction on Thursday, April 17th. The shares were sold at an average price of C$32.79, for a total transaction of C$163,687.68. 0.38% of the stock is currently owned by insiders.

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.