Osisko Gold Royalties (TSE:OR) Share Price Passes Above 50-Day Moving Average - What's Next?

Key Points

• Osisko Gold Royalties Ltd's stock price has crossed above its fifty day moving average, trading at C$49.28 compared to the average of C$40.84.
• Brokerages have raised their price targets for Osisko Gold Royalties, with one analyst providing a "Strong Buy" rating and an average target price of C$38.33.
• The company's market capitalization is C$9.27 billion, with a notable cornerstone asset being a 5% royalty on the Canadian Malartic mine, Canada's largest gold mine.

Shares of Osisko Gold Royalties Ltd (TSE:OR - Get Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$40.84 and traded as high as C$49.38. Osisko Gold Royalties shares last traded at C$49.28, with a volume of 357,267 shares changing hands.

Wall Street Analysts Forecast Growth

OR has been the subject of several analyst reports. BMO Capital Markets increased 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. TD Securities increased their price target on shares of Osisko Gold Royalties from C$35.00 to C$40.00 in a research report on Wednesday, July 16th. National Bankshares increased their price target on shares of Osisko Gold Royalties from C$38.00 to C$40.00 and gave the company an "outperform" rating in a research report on Tuesday, June 24th. Finally, Canaccord Genuity Group increased their price target on shares of Osisko Gold Royalties from C$37.00 to C$40.00 in a research report on Tuesday, June 10th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of C$38.33.

Osisko Gold Royalties Trading Down 2.6%

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 company has a 50-day simple moving average of C$41.69 and a 200 day simple moving average of C$35.53. The firm has a market cap of C$9.31 billion, a PE ratio of 117.86, a price-to-earnings-growth ratio of 1.31 and a beta of 0.85.

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.