Osisko Gold Royalties (TSE:OR) Shares Cross Above 50 Day Moving Average - Here's What Happened

Osisko Gold Royalties Ltd (TSE:OR - Get Free Report) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$30.89 and traded as high as C$32.66. Osisko Gold Royalties shares last traded at C$32.63, with a volume of 344,851 shares traded.

Analyst Upgrades and Downgrades

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

Osisko Gold Royalties Price Performance

The company has a market cap of C$6.51 billion, a P/E ratio of -118.50, a PEG ratio of 1.31 and a beta of 0.90. The company has a fifty day simple moving average of C$31.37 and a 200-day simple moving average of C$28.61. The company has a debt-to-equity ratio of 5.29, a current ratio of 4.40 and a quick ratio of 0.98.

Insider Buying and Selling at Osisko Gold Royalties

In related news, Director Paul Douglas Martin sold 12,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of C$25.67, for a total value of C$308,040.00. Also, Senior Officer Guy Desharnais sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of C$26.40, for a total transaction of C$132,006.00. Insiders have sold a total of 64,058 shares of company stock valued at $1,898,479 in the last three months. 0.38% of the stock is currently owned by company insiders.

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.