Iain Wesley Farmer Purchases 400 Shares of Osisko Gold Royalties (TSE:OR) Stock

Osisko Gold Royalties Ltd (TSE:OR) insider Iain Wesley Farmer acquired 400 shares of the firm’s stock in a transaction that occurred on Thursday, September 17th. The shares were purchased at an average cost of C$51.20 per share, with a total value of C$20,480.00. Following the completion of the acquisition, the insider owned 42,357 shares in the company, valued at C$2,168,678.40. This trade represents a 0.95% increase in their position.

Osisko Gold Royalties Stock Performance

Shares of OR opened at C$51.37 on Friday. The company has a market capitalization of C$9.62 billion, a PE ratio of 34.25, a price-to-earnings-growth ratio of 1.31 and a beta of 1.93. The company has a debt-to-equity ratio of 14.78, a current ratio of 2.28 and a quick ratio of 0.98. Osisko Gold Royalties Ltd has a one year low of C$38.58 and a one year high of C$65.54. The company’s fifty day moving average price is C$46.61 and its 200 day moving average price is C$49.54.

Osisko Gold Royalties (TSE:OR) last issued its quarterly earnings results on Wednesday, August 5th. The company reported C$0.46 earnings per share (EPS) for the quarter. The company had revenue of C$138.98 million for the quarter. Osisko Gold Royalties had a return on equity of 21.84% and a net margin of 80.76%.

Analysts Set New Price Targets

Separately, Canadian Imperial Bank of Commerce cut their price target on Osisko Gold Royalties from C$88.00 to C$85.00 in a report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Osisko Gold Royalties currently has an average rating of “Moderate Buy” and an average target price of C$63.20.

About Osisko Gold Royalties

OR Royalties is a precious metals royalty and streaming company focused on Tier-1 mining jurisdictions defined as Canada, the United States, and Australia. OR Royalties commenced activities in June 2014 with a single producing asset, and today holds a portfolio of over 195 royalties, streams and similar interests. OR Royalties’ portfolio is anchored by its cornerstone asset, the 3-5% net smelter return royalty on Agnico Eagle Mines Limited’s Canadian Malartic Complex, one of the world’s largest gold mines.