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

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

Wall Street Analysts Forecast Growth

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

Osisko Gold Royalties Stock Down 0.6%

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 firm's 50-day moving average is C$32.07 and its 200 day moving average is C$28.93. The stock has a market cap of C$6.88 billion, a price-to-earnings ratio of -125.12, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90.

Insider Buying and Selling

In other Osisko Gold Royalties news, Director Michael David Saynor Spencer sold 5,966 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of C$27.20, for a total transaction of C$162,275.20. Also, Senior Officer André Le Bel sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of C$27.33, for a total transaction of C$273,250.00. Over the last quarter, insiders sold 47,058 shares of company stock valued at $1,458,433. 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.