Osisko Gold Royalties (TSE:OR) Price Target Raised to C$35.00 at TD Securities

Osisko Gold Royalties (TSE:OR) had its price target upped by stock analysts at TD Securities from C$30.00 to C$35.00 in a research report issued on Tuesday,BayStreet.CA reports. TD Securities’ price objective indicates a potential upside of 7.66% from the stock’s previous close.

A number of other analysts have also recently commented on the stock. National Bankshares upped their price target on shares of Osisko Gold Royalties from C$34.00 to C$35.50 and gave the company an “outperform” rating in a research note on Wednesday, April 2nd. Scotiabank raised shares of Osisko Gold Royalties from a “hold” rating to a “strong-buy” rating in a report on Monday. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$31.69.

Osisko Gold Royalties Stock Performance

Shares of TSE OR traded up C$0.93 during midday trading on Tuesday, reaching C$32.51. The company’s stock had a trading volume of 82,407 shares, compared to its average volume of 378,326. The stock has a market capitalization of C$6.07 billion, a P/E ratio of -110.45, a PEG ratio of 1.31 and a beta of 0.90. The firm has a 50 day moving average price of C$28.27 and a 200-day moving average price of C$27.37. The company has a debt-to-equity ratio of 5.29, a current ratio of 4.40 and a quick ratio of 0.98. Osisko Gold Royalties has a 12-month low of C$20.67 and a 12-month high of C$32.66.

Insider Transactions at Osisko Gold Royalties

In related news, Senior Officer André Le Bel sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of C$27.33, for a total value of C$273,250.00. Also, Director Paul Douglas Martin sold 12,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of C$25.67, for a total transaction of C$308,040.00. Insiders have sold a total of 32,966 shares of company stock worth $875,571 in the last ninety days. Insiders own 0.38% of the company’s stock.

About Osisko Gold Royalties

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally. It also owns options on offtake; royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company's primary asset is a 3-5% net smelter return royalty on the Canadian Malartic complex located in Canada.