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

Osisko Gold Royalties Ltd (TSE:OR - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$32.68 and traded as high as C$35.72. Osisko Gold Royalties shares last traded at C$35.56, with a volume of 291,428 shares trading hands.

Analysts Set New Price Targets

OR has been the subject of several recent analyst reports. BMO Capital Markets raised their target price on Osisko Gold Royalties from C$31.00 to C$33.00 in a research note on Wednesday, June 4th. Canaccord Genuity Group raised their price objective on Osisko Gold Royalties from C$37.00 to C$40.00 in a research note on Tuesday. Scotiabank raised Osisko Gold Royalties from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. Stifel Nicolaus raised 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 increased 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 Price Performance

The company has a debt-to-equity ratio of 5.29, a current ratio of 4.40 and a quick ratio of 0.98. The stock has a market capitalization of C$6.56 billion, a price-to-earnings ratio of -119.35, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90. The company has a 50-day simple moving average of C$32.68 and a two-hundred day simple moving average of C$29.26.

Insider Buying and Selling

In other news, Director Michael David Saynor Spencer sold 4,992 shares of the company's 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 value of C$163,687.68. Also, 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 transaction of C$859,219.83. Corporate 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.