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

Osisko Gold Royalties Ltd (TSE:OR) has received an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$50.83.

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

Insider Activity

In related news, insider Guy Desharnais sold 4,407 shares of Osisko Gold Royalties stock in a transaction that occurred on 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 of the company’s stock, valued at C$1,120,352.10. The trade was a 15.08% decrease in their ownership of the stock. 0.38% of the stock is owned by company insiders.

Osisko Gold Royalties Price Performance

Shares of OR opened at C$54.82 on Friday. The business has a 50-day simple moving average of C$53.69 and a two-hundred day simple moving average of C$49.29. Osisko Gold Royalties has a 12-month low of C$25.35 and a 12-month high of C$65.10. The stock has a market cap of C$10.31 billion, a PE ratio of 70.28, a PEG 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 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.