Osisko Gold Royalties Ltd (TSE:OR) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Osisko Gold Royalties Ltd (TSE:OR) have been given an average recommendation of “Moderate Buy” by the six research firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$50.83.

A number of brokerages recently issued reports on OR. Scotiabank cut shares of Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd. Stifel Nicolaus lifted their price target on Osisko Gold Royalties from C$61.00 to C$70.00 in a research note on Tuesday. Raymond James Financial raised Osisko Gold Royalties from a “hold” rating to a “moderate buy” rating in a report on Thursday, November 6th. Canaccord Genuity Group upgraded Osisko Gold Royalties from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Finally, TD Securities lifted their target price on Osisko Gold Royalties from C$52.00 to C$66.00 in a research report on Thursday, January 22nd.

Insider Activity

In related news, insider Guy Desharnais sold 4,407 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of C$45.15, for a total transaction of C$198,976.05. Following the completion of the transaction, the insider directly owned 24,814 shares in the company, valued at C$1,120,352.10. This represents a 15.08% decrease in their position. Company insiders own 0.38% of the company’s stock.

Osisko Gold Royalties Trading Down 8.0%

OR opened at C$54.82 on Friday. The stock has a market capitalization of C$10.31 billion, a price-to-earnings ratio of 70.28, 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. Osisko Gold Royalties has a twelve month low of C$25.35 and a twelve month high of C$65.10. The company has a 50-day simple moving average of C$53.69 and a 200 day simple moving average of C$49.29.

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.