Osisko Gold Royalties (TSE:OR) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Osisko Gold Royalties Ltd (TSE:OR) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$53.17 and traded as low as C$45.04. Osisko Gold Royalties shares last traded at C$45.17, with a volume of 113,955 shares changing hands.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus raised their target price on Osisko Gold Royalties from C$70.00 to C$71.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$57.75.

Osisko Gold Royalties Trading Up 1.6%

The business’s 50-day simple moving average is C$49.31 and its two-hundred day simple moving average is C$53.17. The firm has a market capitalization of C$8.47 billion, a price-to-earnings ratio of 33.71, a PEG ratio of 1.31 and a beta of 1.76. The company has a quick ratio of 0.98, a current ratio of 4.11 and a debt-to-equity ratio of 0.31.

Osisko Gold Royalties (TSE:OR) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$0.56 earnings per share for the quarter. Osisko Gold Royalties had a net margin of 82.42% and a return on equity of 19.91%. The firm had revenue of C$142.97 million during the quarter.

Insider Buying and Selling at Osisko Gold Royalties

In related news, Director Duncan Cornell Card sold 5,000 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of C$50.99, for a total transaction of C$254,950.00. Also, Director Everard Trenton Richards sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of C$53.85, for a total value of C$807,750.00. Company insiders own 0.38% of the company’s stock.

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.