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) shares 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.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Canaccord Genuity Group boosted their price target on shares of Osisko Gold Royalties from C$37.00 to C$40.00 in a research note on Tuesday. Stifel Nicolaus boosted their price target on shares of Osisko Gold Royalties from C$33.00 to C$38.00 in a research note on Monday, April 21st. Scotiabank raised shares of Osisko Gold Royalties from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. National Bankshares boosted 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 note on Wednesday, April 2nd. Finally, TD Securities boosted their price target on shares of Osisko Gold Royalties from C$30.00 to C$35.00 in a research note on Tuesday, April 15th.

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 cap of C$6.80 billion, a P/E ratio of -123.76, a P/E/G ratio of 1.31 and a beta of 0.90. The company's 50 day simple moving average is C$33.10 and its 200 day simple moving average is C$29.41.

Insider Buying and Selling at Osisko Gold Royalties

In other news, Senior Officer Iain Wesley Farmer sold 26,100 shares of the stock in a transaction 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. Also, Director Michael David Saynor Spencer sold 4,992 shares of the stock in a transaction on Thursday, April 17th. The stock was sold at an average price of C$32.79, for a total transaction of C$163,687.68. 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.