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

Key Points

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Shares of Osisko Gold Royalties Ltd (TSE:OR - Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$37.67 and traded as high as C$42.56. Osisko Gold Royalties shares last traded at C$42.53, with a volume of 192,887 shares.

Wall Street Analysts Forecast Growth

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

Osisko Gold Royalties Price Performance

The firm has a market cap of C$7.98 billion, a price-to-earnings ratio of -145.10, a P/E/G ratio of 1.31 and a beta of 0.90. 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 50 day moving average of C$38.19 and a 200 day moving average of C$33.36.

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.