Osisko Gold Royalties (TSE:OR) Shares Cross Above 50-Day Moving Average - Time to Sell?

Osisko Gold Royalties Ltd (TSE:OR - Get Free Report) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$31.61 and traded as high as C$34.95. Osisko Gold Royalties shares last traded at C$34.35, with a volume of 288,849 shares traded.

Wall Street Analysts Forecast Growth

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

Osisko Gold Royalties Stock Performance

The company has a market cap of C$6.53 billion, a price-to-earnings ratio of -118.80, a P/E/G ratio of 1.31 and a beta of 0.90. The company has a current ratio of 4.40, a quick ratio of 0.98 and a debt-to-equity ratio of 5.29. The stock's fifty day simple moving average is C$31.93 and its 200 day simple moving average is C$28.85.

Insider Buying and Selling at Osisko Gold Royalties

In other news, Senior Officer Iain Wesley Farmer sold 26,100 shares of the stock in a transaction that occurred 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. Also, Director Michael David Saynor Spencer sold 4,992 shares of the 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. In the last quarter, insiders sold 47,058 shares of company stock worth $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.