BMO Capital Markets Increases Osisko Gold Royalties (TSE:OR) Price Target to C$33.00

Osisko Gold Royalties (TSE:OR - Get Free Report) had its price objective upped by investment analysts at BMO Capital Markets from C$31.00 to C$33.00 in a research report issued on Wednesday,BayStreet.CA reports. BMO Capital Markets' target price would suggest a potential downside of 7.07% from the stock's current price.

Several other research firms also recently commented on OR. National Bankshares lifted their price objective on Osisko Gold Royalties from C$34.00 to C$35.50 and gave the stock an "outperform" rating in a report on Wednesday, April 2nd. TD Securities lifted their price target on shares of Osisko Gold Royalties from C$30.00 to C$35.00 in a research note on Tuesday, April 15th. Scotiabank raised shares of Osisko Gold Royalties from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. Finally, Stifel Nicolaus raised their target price on shares of Osisko Gold Royalties from C$33.00 to C$38.00 in a report on Monday, April 21st.

Osisko Gold Royalties Stock Down 1.8%

TSE OR traded down C$0.65 during mid-day trading on Wednesday, reaching C$35.51. The stock had a trading volume of 364,450 shares, compared to its average volume of 391,013. The company has a fifty day moving average price of C$32.57 and a 200 day moving average price of C$29.19. 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 1 year low of C$20.67 and a 1 year high of C$37.66. The stock has a market cap of C$6.63 billion, a PE ratio of -120.64, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90.

Insider Activity

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

Osisko Gold Royalties Company Profile

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.