Osisko Gold Royalties (TSE:OR) Price Target Raised to C$23.00

Osisko Gold Royalties (TSE:OR) had its price target increased by stock analysts at CIBC from C$22.50 to C$23.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. CIBC’s price target points to a potential upside of 44.47% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Royal Bank of Canada restated an “outperform” rating and set a C$19.00 target price on shares of Osisko Gold Royalties in a research note on Tuesday, August 10th. Canaccord Genuity restated a “buy” rating and set a C$24.00 target price (down previously from C$25.00) on shares of Osisko Gold Royalties in a research note on Friday, August 20th. National Bankshares cut their target price on shares of Osisko Gold Royalties from C$21.50 to C$20.50 in a research note on Friday, October 22nd. Raymond James set a C$21.50 target price on shares of Osisko Gold Royalties and gave the stock an “outperform” rating in a research note on Friday, November 12th. Finally, BMO Capital Markets cut their target price on shares of Osisko Gold Royalties from C$21.00 to C$20.00 in a research note on Tuesday, August 10th. Ten analysts have rated the stock with a buy rating, According to MarketBeat, Osisko Gold Royalties presently has an average rating of “Buy” and a consensus price target of C$22.45.

TSE OR opened at C$15.92 on Wednesday. The firm has a 50-day moving average of C$15.33 and a 200-day moving average of C$16.12. The company has a debt-to-equity ratio of 23.50, a quick ratio of 2.34 and a current ratio of 2.64. The stock has a market cap of C$2.65 billion and a PE ratio of 1,768.89. Osisko Gold Royalties has a 52-week low of C$12.39 and a 52-week high of C$18.40.

In other Osisko Gold Royalties news, Senior Officer Frédéric Ruel sold 7,000 shares of the firm’s stock in a transaction dated Thursday, November 18th. The shares were sold at an average price of C$16.80, for a total value of C$117,600.00. Following the transaction, the insider now directly owns 33,496 shares of the company’s stock, valued at approximately C$562,732.80.

Osisko Gold Royalties Company Profile

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and offtake and other interests in Canada and internationally. It also owns options on royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company's primary asset is a 5% net smelter return royalty on the Canadian Malartic mine located in Canada.

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Analyst Recommendations for Osisko Gold Royalties (TSE:OR)

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