Osisko Gold Royalties (TSE:OR) Given New C$71.00 Price Target at Stifel Nicolaus

Key Points

• Stifel Nicolaus raised its price target on Osisko Gold Royalties to C$71 (from C$70) and keeps a "buy" rating, implying about a 28.83% upside from the recent share price.
• Analyst views are mixed: TD Securities cut its target to C$64 and set a "hold," while the consensus per MarketBeat is a "Moderate Buy" with an average price target of C$50.67.
• Stock and recent results: OR traded at C$55.11 with a market cap of C$10.33B and a PE of 50.56; the company reported C$0.44 EPS for the quarter, a 74.23% net margin, and a 52-week range of C$30.78–C$65.54.

Osisko Gold Royalties (TSE:OR - Get Free Report) had its price objective lifted by investment analysts at Stifel Nicolaus from C$70.00 to C$71.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' price target suggests a potential upside of 28.83% from the company's current price.

Separately, TD Securities decreased their target price on Osisko Gold Royalties from C$67.00 to C$64.00 and set a "hold" rating on the stock in a research report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of C$50.67.

Osisko Gold Royalties Price Performance

Shares of TSE OR traded down C$0.16 during trading hours on Wednesday, hitting C$55.11. 144,894 shares of the stock were exchanged, compared to its average volume of 457,434. The company's fifty day simple moving average is C$55.99 and its two-hundred day simple moving average is C$52.73. The company has a market cap of C$10.33 billion, a PE ratio of 50.56, a price-to-earnings-growth ratio of 1.31 and a beta of 1.69. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.98 and a current ratio of 4.53. Osisko Gold Royalties has a 1-year low of C$30.78 and a 1-year high of C$65.54.

Osisko Gold Royalties (TSE:OR - Get Free Report) last released its earnings results on Wednesday, February 18th. The company reported C$0.44 earnings per share for the quarter. Osisko Gold Royalties had a return on equity of 14.10% and a net margin of 74.23%.The firm had revenue of C$120.46 million during the quarter.

Osisko Gold Royalties Company Profile

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.

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