Raymond James reaffirmed their outperform rating on shares of Osisko gold royalties (TSE:OR) in a research note released on Friday morning, BayStreet.CA reports. The firm currently has a C$17.50 target price on the stock. Raymond James also issued estimates for Osisko gold royalties’ Q3 2019 earnings at $0.04 EPS, Q4 2019 earnings at $0.05 EPS and FY2019 earnings at $0.18 EPS.
OR has been the topic of a number of other reports. CIBC increased their price target on Osisko gold royalties from C$18.00 to C$18.50 in a report on Monday, July 15th. National Bank Financial restated a sector perform rating and set a C$17.00 price target on shares of Osisko gold royalties in a report on Friday, July 12th. TD Securities increased their price target on Osisko gold royalties from C$16.00 to C$16.50 and gave the stock a hold rating in a report on Friday, July 12th. Desjardins cut Osisko gold royalties from a buy rating to a hold rating in a report on Friday, April 12th. Finally, Canaccord Genuity increased their target price on Osisko gold royalties from C$18.00 to C$18.50 in a report on Friday, July 19th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of C$16.89.
Osisko gold royalties stock opened at C$15.97 on Friday. The company has a market cap of $2.47 billion and a PE ratio of -18.61. Osisko gold royalties has a 52-week low of C$9.27 and a 52-week high of C$16.39. The stock’s 50 day simple moving average is C$14.61. The company has a debt-to-equity ratio of 21.93, a current ratio of 1.96 and a quick ratio of 1.20.
Osisko gold royalties Company Profile
Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and similar interests in Canada and internationally. Its assets include the 5% net smelter return (NSR) royalty on the Canadian Malartic mine; the 2.0% to 3.5% NSR royalty on the Eleonore mine; a 9.6% diamond stream on the Renard diamond mine; a 4% gold and silver stream on the Brucejack gold; a 3% NSR royalty on the Seabee gold operations located in Saskatchewan, Canada; and the 1.38% to 2.55% NSR royalty on the Island Gold mine.
Further Reading: Why do analysts give a neutral rating?
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