Osisko Gold Royalties (TSE:OR) Stock Breaks Above 50-Day Moving Average – What’s Next?

Osisko Gold Royalties Ltd (TSE:OR)’s stock price crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of C$49.47 and traded as high as C$49.98. Osisko Gold Royalties shares last traded at C$49.03, with a volume of 450,622 shares.

Analyst Ratings Changes

Separately, Canadian Imperial Bank of Commerce lowered their price target on shares of Osisko Gold Royalties from C$88.00 to C$85.00 in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$73.33.

Osisko Gold Royalties Stock Up 5.2%

The firm’s fifty day moving average price is C$49.61 and its 200-day moving average price is C$48.88. The company has a debt-to-equity ratio of 14.78, a current ratio of 2.28 and a quick ratio of 0.98. The firm has a market capitalization of C$9.34 billion, a P/E ratio of 33.26, a PEG ratio of 1.31 and a beta of 1.83.

Osisko Gold Royalties (TSE:OR) last announced its earnings results on Wednesday, August 5th. The company reported C$0.46 EPS for the quarter. Osisko Gold Royalties had a return on equity of 21.84% and a net margin of 80.76%. The firm had revenue of C$138.98 million for the quarter.

About Osisko Gold Royalties

OR Royalties is a precious metals royalty and streaming company focused on Tier-1 mining jurisdictions defined as Canada, the United States, and Australia. OR Royalties commenced activities in June 2014 with a single producing asset, and today holds a portfolio of over 195 royalties, streams and similar interests. OR Royalties’ portfolio is anchored by its cornerstone asset, the 3-5% net smelter return royalty on Agnico Eagle Mines Limited’s Canadian Malartic Complex, one of the world’s largest gold mines.