Osisko Gold Royalties (TSE:OR) Shares Pass Above 50 Day Moving Average Following Analyst Downgrade

Key Points

• Osisko Gold Royalties Ltd's shares rose above the 50-day moving average after TD Securities increased their price target from C$35.00 to C$40.00.
• The stock has a market capitalization of C$10.36 billion and a consensus price target of C$41.00, indicating a generally positive outlook among analysts.
• Osisko Gold holds over 175 royalties and streams, with a cornerstone asset being a 5% royalty on the Canadian Malartic mine, the largest gold mine in Canada.

Shares of Osisko Gold Royalties Ltd (TSE:OR - Get Free Report) passed above its 50 day moving average during trading on Friday after TD Securities raised their price target on the stock from C$35.00 to C$40.00. The stock has a 50 day moving average of C$45.86 and traded as high as C$55.80. Osisko Gold Royalties shares last traded at C$55.03, with a volume of 525,791 shares traded.

OR has been the topic of a number of other reports. Canaccord Genuity Group increased their price objective on shares of Osisko Gold Royalties from C$37.00 to C$40.00 in a research note on Tuesday, June 10th. National Bankshares increased their price objective on shares of Osisko Gold Royalties from C$38.00 to C$40.00 and gave the company an "outperform" rating in a research note on Tuesday, June 24th. Stifel Nicolaus increased their price objective on shares of Osisko Gold Royalties from C$33.00 to C$38.00 in a research note on Monday, April 21st. Scotiabank upgraded shares of Osisko Gold Royalties from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. Finally, BMO Capital Markets raised their target price on shares of Osisko Gold Royalties from C$31.00 to C$33.00 in a research note on Wednesday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Osisko Gold Royalties has a consensus rating of "Moderate Buy" and a consensus price target of C$41.00.

Osisko Gold Royalties Stock Down 0.6%

The stock has a market capitalization of C$10.36 billion, a price-to-earnings ratio of 131.02, a price-to-earnings-growth ratio of 1.31 and a beta of 0.85. The business's 50-day moving average is C$45.86 and its two-hundred day moving average is C$37.85. The company has a quick ratio of 0.98, a current ratio of 4.40 and a debt-to-equity ratio of 5.29.

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.

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