Osisko Gold Royalties (TSE:OR) Hits New 12-Month High – Here’s Why

Shares of Osisko Gold Royalties Ltd (TSE:OR) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$60.64 and last traded at C$60.38, with a volume of 64864 shares trading hands. The stock had previously closed at C$58.73.

Analyst Ratings Changes

Several research analysts have weighed in on OR shares. Canaccord Genuity Group upgraded Osisko Gold Royalties from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Jefferies Financial Group cut Osisko Gold Royalties from a “buy” rating to a “hold” rating and set a C$40.00 price objective on the stock. in a report on Sunday, October 5th. Raymond James Financial raised Osisko Gold Royalties from a “hold” rating to a “moderate buy” rating in a research note on Thursday, November 6th. Finally, Scotiabank downgraded shares of Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. One investment 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$41.17.

Osisko Gold Royalties Trading Up 3.1%

The business’s 50-day moving average is C$49.52 and its two-hundred day moving average is C$46.81. 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 firm has a market cap of C$11.38 billion, a P/E ratio of 77.64, a P/E/G ratio of 1.31 and a beta of 1.21.

Insiders Place Their Bets

In other Osisko Gold Royalties news, insider Guy Desharnais sold 4,407 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of C$45.15, for a total transaction of C$198,976.05. Following the transaction, the insider owned 24,814 shares of the company’s stock, valued at C$1,120,352.10. The trade was a 15.08% decrease in their position. 0.38% of the stock is currently owned by corporate 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.