Osisko Gold Royalties (TSE:OR) Stock Price Crosses Above Fifty Day Moving Average - Should You Sell?

Osisko Gold Royalties Ltd (TSE:OR - Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$29.32 and traded as high as C$33.27. Osisko Gold Royalties shares last traded at C$33.04, with a volume of 1,338,131 shares trading hands.

Analysts Set New Price Targets

Several equities analysts recently issued reports on OR shares. National Bankshares raised their price objective on 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. Scotiabank raised Osisko Gold Royalties from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. Stifel Nicolaus increased their target price on Osisko Gold Royalties from C$33.00 to C$38.00 in a research report on Monday, April 21st. Finally, TD Securities raised their target price on Osisko Gold Royalties from C$30.00 to C$35.00 in a research note on Tuesday, April 15th.

Osisko Gold Royalties Trading Down 1.7 %

The company has a debt-to-equity ratio of 5.29, a quick ratio of 0.98 and a current ratio of 4.40. The company has a market capitalization of C$6.07 billion, a price-to-earnings ratio of -110.38, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90. The business's 50 day moving average price is C$29.45 and its two-hundred day moving average price is C$28.02.

Osisko Gold Royalties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 0.80%. Osisko Gold Royalties's payout ratio is -88.33%.

Insider Buying and Selling

In other Osisko Gold Royalties news, Senior Officer Iain Wesley Farmer sold 26,100 shares of Osisko Gold Royalties 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. Also, Director Michael David Saynor Spencer sold 4,992 shares of the firm's stock in a transaction on Thursday, April 17th. The stock was sold at an average price of C$32.79, for a total value of C$163,687.68. Insiders have sold 64,058 shares of company stock worth $1,898,479 in the last ninety days. 0.38% of the stock is currently owned by corporate insiders.

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.

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