Osisko gold royalties (TSE:OR) had its price objective reduced by investment analysts at National Bank Financial from C$15.50 to C$15.00 in a research note issued on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 32.39% from the stock’s previous close.
Several other research firms have also commented on OR. Raymond James reduced their price target on shares of Osisko gold royalties from C$16.00 to C$15.50 and set an “outperform” rating for the company in a research report on Friday, February 21st. BMO Capital Markets reduced their price target on shares of Osisko gold royalties from C$16.00 to C$14.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Finally, Canaccord Genuity reduced their price target on shares of Osisko gold royalties from C$17.00 to C$16.00 in a research report on Wednesday, March 18th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of C$16.11.
TSE OR opened at C$11.33 on Wednesday. Osisko gold royalties has a 52 week low of C$6.35 and a 52 week high of C$17.47. The firm has a market capitalization of $1.49 billion and a P/E ratio of -7.31. The company has a quick ratio of 4.84, a current ratio of 5.03 and a debt-to-equity ratio of 24.05. The company has a 50-day moving average price of C$11.63 and a 200-day moving average price of C$12.40.
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.
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