Osisko Gold Royalties Ltd (TSE:OR) Receives C$41.17 Average Target Price from Analysts

Osisko Gold Royalties Ltd (TSE:OR) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is C$41.17.

A number of analysts recently weighed in on OR shares. Scotiabank downgraded shares of Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. 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 raised shares of Osisko Gold Royalties from a “hold” rating to a “moderate buy” rating in a research report on Thursday, November 6th. Finally, Jefferies Financial Group lowered shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating and set a C$40.00 price target for the company. in a report on Sunday, October 5th.

Insider Transactions at Osisko Gold Royalties

In other Osisko Gold Royalties news, insider Guy Desharnais sold 4,407 shares of the stock in a transaction dated 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 directly owned 24,814 shares in the company, valued at C$1,120,352.10. This represents a 15.08% decrease in their ownership of the stock. Insiders own 0.38% of the company’s stock.

Osisko Gold Royalties Price Performance

Shares of Osisko Gold Royalties stock opened at C$50.74 on Thursday. The company has a current ratio of 4.40, a quick ratio of 0.98 and a debt-to-equity ratio of 5.29. Osisko Gold Royalties has a 1-year low of C$25.35 and a 1-year high of C$58.84. The stock has a market capitalization of C$9.55 billion, a price-to-earnings ratio of 65.05, a PEG ratio of 1.31 and a beta of 1.20. The firm has a fifty day simple moving average of C$47.28 and a 200-day simple moving average of C$44.77.

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.