Osisko Gold Royalties (TSE:OR) Price Target Raised to C$33.00

Osisko Gold Royalties (TSE:OR - Get Free Report) had its price objective upped by equities researchers at BMO Capital Markets from C$31.00 to C$33.00 in a report released on Wednesday,BayStreet.CA reports. BMO Capital Markets' price target points to a potential downside of 8.74% from the company's previous close.

OR has been the subject of several other reports. Stifel Nicolaus upped their price target on Osisko Gold Royalties from C$33.00 to C$38.00 in a research note on Monday, April 21st. National Bankshares upped their price target on Osisko Gold Royalties from C$34.00 to C$35.50 and gave the stock an "outperform" rating in a research note on Wednesday, April 2nd. TD Securities upped their price target on Osisko Gold Royalties from C$30.00 to C$35.00 in a research note on Tuesday, April 15th. Finally, Scotiabank upgraded Osisko Gold Royalties from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th.

Osisko Gold Royalties Stock Performance

Shares of TSE:OR traded down C$0.62 during mid-day trading on Wednesday, reaching C$36.16. 405,765 shares of the company traded hands, compared to its average volume of 391,259. The company's 50 day moving average price is C$32.34 and its 200-day moving average price is C$29.08. The firm has a market cap of C$6.75 billion, a PE ratio of -122.85, a PEG ratio of 1.31 and a beta of 0.90. 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 52 week low of C$20.67 and a 52 week high of C$37.66.

Insider Transactions at Osisko Gold Royalties

In other news, Director Michael David Saynor Spencer sold 4,992 shares of the company's stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of C$32.79, for a total transaction of C$163,687.68. Also, Senior Officer Iain Wesley Farmer sold 26,100 shares of the stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of C$32.92, for a total value of C$859,219.83. Insiders own 0.38% of the company's stock.

About Osisko Gold Royalties

Osisko is an intermediate precious metal royalty company focused on the Americas that commenced activities in June 2014. Osisko holds a North American focused portfolio of over 175 royalties, streams and precious metal offtakes. Osisko's portfolio is anchored by its cornerstone asset, a 5% net smelter return royalty on the Canadian Malartic mine, which is the largest gold mine in Canada.