Osisko Gold Royalties (TSE:OR) Sets New 12-Month High - Should You Buy?

Shares of Osisko Gold Royalties Ltd (TSE:OR - Get Free Report) reached a new 52-week high during trading on Friday . The stock traded as high as C$37.70 and last traded at C$37.38, with a volume of 79771 shares trading hands. The stock had previously closed at C$36.63.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Scotiabank upgraded Osisko Gold Royalties from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. National Bankshares lifted their target price on shares of Osisko Gold Royalties from C$38.00 to C$40.00 and gave the company an "outperform" rating in a report on Tuesday, June 24th. TD Securities increased their price target on shares of Osisko Gold Royalties from C$30.00 to C$35.00 in a report on Tuesday, April 15th. BMO Capital Markets raised their price target on shares of Osisko Gold Royalties from C$31.00 to C$33.00 in a research report on Wednesday, June 4th. Finally, Canaccord Genuity Group upped their price objective on shares of Osisko Gold Royalties from C$37.00 to C$40.00 in a research report on Tuesday, June 10th.

Osisko Gold Royalties Stock Down 1.5%

The stock has a market capitalization of C$7.02 billion, a price-to-earnings ratio of -127.67, 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. The business has a fifty day moving average of C$34.87 and a 200 day moving average of C$30.70.

Insiders Place Their Bets

In other news, Senior Officer Iain Wesley Farmer sold 26,100 shares of the stock in a transaction dated Wednesday, April 16th. The shares were 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 firm'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 transaction of C$163,687.68. 0.38% of the stock is owned by corporate insiders.

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.