Osisko Gold Royalties (TSE:OR) Sets New 52-Week High - Here's What Happened

Osisko Gold Royalties Ltd (TSE:OR - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as C$36.82 and last traded at C$36.76, with a volume of 46946 shares trading hands. The stock had previously closed at C$35.07.

Wall Street Analyst Weigh In

Several research analysts recently commented on OR shares. BMO Capital Markets increased their price objective on Osisko Gold Royalties from C$31.00 to C$33.00 in a research note on Wednesday. Scotiabank raised Osisko Gold Royalties from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. Stifel Nicolaus increased their price objective on Osisko Gold Royalties from C$33.00 to C$38.00 in a research note on Monday, April 21st. National Bankshares raised their target price 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. Finally, TD Securities raised their target price on Osisko Gold Royalties from C$30.00 to C$35.00 in a research note on Tuesday, April 15th.

Osisko Gold Royalties Stock Down 1.6%

The firm has a market capitalization of C$6.76 billion, a price-to-earnings ratio of -122.95, a P/E/G ratio of 1.31 and a beta of 0.90. The company has a debt-to-equity ratio of 5.29, a quick ratio of 0.98 and a current ratio of 4.40. The business has a 50 day simple moving average of C$32.34 and a 200-day simple moving average of C$29.08.

Insider Transactions at Osisko Gold Royalties

In other news, Senior Officer Iain Wesley Farmer sold 26,100 shares of the stock in a transaction on 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 stock in a transaction on Thursday, April 17th. The stock was sold at an average price of C$32.79, for a total value of C$163,687.68. Company 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.