Osisko Gold Royalties (TSE:OR) Stock Crosses Above Fifty Day Moving Average - Here's Why

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.

Osisko Gold Royalties Ltd (TSE:OR - Get Free Report) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty 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 traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. TD Securities raised their price target on Osisko Gold Royalties from C$35.00 to C$40.00 in a research report on Wednesday, July 16th. Canaccord Genuity Group raised their target price on Osisko Gold Royalties from C$37.00 to C$40.00 in a research report on Tuesday, June 10th. BMO Capital Markets increased their target price on Osisko Gold Royalties from C$31.00 to C$33.00 in a report on Wednesday, June 4th. Finally, National Bankshares upped their price objective on shares of Osisko Gold Royalties from C$38.00 to C$40.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Osisko Gold Royalties has a consensus rating of "Buy" and an average target price of C$38.33.

Osisko Gold Royalties Price Performance

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 fifty day moving average price of C$41.42 and a two-hundred day moving average price of C$35.29. The firm has a market cap of C$9.37 billion, a P/E ratio of 118.57, a PEG ratio of 1.31 and a beta of 0.85.

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.