Osisko Gold Royalties (TSE:OR) Stock Passes Below 50-Day Moving Average - Here's What Happened

Osisko Gold Royalties Ltd (TSE:OR - Get Free Report)'s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$34.28 and traded as low as C$34.03. Osisko Gold Royalties shares last traded at C$35.00, with a volume of 163,282 shares.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on OR. Scotiabank raised shares of Osisko Gold Royalties from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th. BMO Capital Markets lifted their target price on shares of Osisko Gold Royalties from C$31.00 to C$33.00 in a research note on Wednesday, June 4th. Canaccord Genuity Group lifted their target price on shares of Osisko Gold Royalties from C$37.00 to C$40.00 in a research note on Tuesday, June 10th. Stifel Nicolaus lifted their target price on shares of Osisko Gold Royalties from C$33.00 to C$38.00 in a research note on Monday, April 21st. Finally, National Bankshares lifted 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 research note on Tuesday, June 24th.

Osisko Gold Royalties Stock Up 0.6%

The stock's fifty day moving average is C$34.45 and its two-hundred day moving average is C$30.28. 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 firm has a market cap of C$6.61 billion, a P/E ratio of -120.20, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90.

Insiders Place Their Bets

In other news, Senior Officer Iain Wesley Farmer sold 26,100 shares of the company's stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of C$32.92, for a total value of C$859,219.83. Also, Director Michael David Saynor Spencer sold 4,992 shares of the company's stock in a transaction on Thursday, April 17th. The shares were sold at an average price of C$32.79, for a total transaction of C$163,687.68. 0.38% of the stock is 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.