Osisko Gold Royalties Ltd (TSE:OR) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Osisko Gold Royalties Ltd (TSE:OR) have been given an average rating of “Moderate Buy” by the six brokerages that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$45.50.

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

Osisko Gold Royalties Trading Down 0.8%

Osisko Gold Royalties stock opened at C$61.93 on Monday. Osisko Gold Royalties has a one year low of C$25.35 and a one year high of C$63.13. The company’s fifty day moving average price is C$50.75 and its two-hundred day moving average price is C$47.52. 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 company has a market capitalization of C$11.64 billion, a price-to-earnings ratio of 79.40, a PEG ratio of 1.31 and a beta of 1.21.

Insider Activity

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

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.