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

Key Points

• Osisko Gold Royalties shares have surpassed their fifty-day moving average, with a recent trading high of C$45.66 and a last traded price of C$44.85.
• Major analysts have raised their price targets for Osisko, with BMO Capital Markets adjusting it to C$33.00, and Canaccord Genuity Group setting it at C$40.00, contributing to an overall "Buy" consensus rating.
• The company, with a market capitalization of C$8.44 billion, boasts a robust portfolio of over 175 royalties and streams focused on the Americas, anchored by a significant asset in the Canadian Malartic mine.

Shares of Osisko Gold Royalties Ltd (TSE:OR - Get Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$39.31 and traded as high as C$45.66. Osisko Gold Royalties shares last traded at C$44.85, with a volume of 424,246 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have issued reports on OR shares. National Bankshares raised 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. Canaccord Genuity Group lifted their price target on shares of Osisko Gold Royalties from C$37.00 to C$40.00 in a research report on Tuesday, June 10th. BMO Capital Markets lifted their price target on shares of Osisko Gold Royalties from C$31.00 to C$33.00 in a research report on Wednesday, June 4th. Finally, TD Securities lifted their price target on shares of Osisko Gold Royalties from C$35.00 to C$40.00 in a research report on Wednesday, July 16th. One investment 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's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of C$38.33.

Osisko Gold Royalties Stock Up 2.7%

The firm has a market capitalization of C$8.96 billion, a P/E ratio of 113.31, a PEG ratio of 1.31 and a beta of 0.85. The firm's 50-day moving average is C$40.02 and its 200 day moving average is C$34.47. The company has a debt-to-equity ratio of 5.29, a quick ratio of 0.98 and a current ratio of 4.40.

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.