Osisko Gold Royalties (TSE:OR) Shares Cross 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 Thursday . The stock has a fifty day moving average of C$52.11 and traded as high as C$63.96. Osisko Gold Royalties shares last traded at C$61.65, with a volume of 760,273 shares traded.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on OR. TD Securities boosted their price target on Osisko Gold Royalties from C$52.00 to C$66.00 in a research note on Thursday, January 22nd. Scotiabank downgraded Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. Canaccord Genuity Group upgraded Osisko Gold Royalties from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Jefferies Financial Group downgraded Osisko Gold Royalties from a “buy” rating to a “hold” rating and set a C$40.00 price target for the company. in a research note on Sunday, October 5th. 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. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$45.50.

Osisko Gold Royalties Trading Down 2.9%

The firm has a 50-day moving average of C$52.11 and a two-hundred day moving average of C$48.07. The firm has a market capitalization of C$11.59 billion, a P/E ratio of 79.04, a P/E/G ratio of 1.31 and a beta of 1.21. The company has a current ratio of 4.40, a quick ratio of 0.98 and a debt-to-equity ratio of 5.29.

Insider Transactions at Osisko Gold Royalties

In related news, insider Guy Desharnais sold 4,407 shares of the 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 value of C$198,976.05. Following the completion of the transaction, the insider owned 24,814 shares of the company’s stock, valued at C$1,120,352.10. This represents 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.