Osisko Gold Royalties (TSE:OR) Shares Pass Above Fifty Day Moving Average - Time to Sell?

Key Points

• Osisko Gold Royalties' share price has crossed above its 50-day moving average of C$42.45, reaching a high of C$49.33 during recent trading.
• Wall Street analysts have raised their price targets for Osisko Gold Royalties to between C$33.00 and C$40.00, with a consensus rating of "Buy".
• The company has a market capitalization of C$9.28 billion and is focused on an extensive portfolio of over 175 royalties and streams in the Americas.

Osisko Gold Royalties Ltd (TSE:OR - Get Free Report) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$42.45 and traded as high as C$49.33. Osisko Gold Royalties shares last traded at C$49.30, with a volume of 274,063 shares changing hands.

Analyst Ratings Changes

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

Osisko Gold Royalties Stock Up 0.0%

The firm has a 50-day simple moving average of C$42.99 and a 200 day simple moving average of C$36.34. The stock has a market capitalization of C$9.66 billion, a P/E ratio of 122.24, a P/E/G ratio of 1.31 and a beta of 0.85. The company has a debt-to-equity ratio of 5.29, a current ratio of 4.40 and a quick ratio of 0.98.

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.