Osisko Gold Royalties (TSE:OR) Hits New 52-Week Low - Here's Why

Key Points

• Osisko Gold Royalties shares reportedly hit a new 52-week low and were last quoted at C$45.10, down from the previous close of C$45.90. The article lists the intraday low as C$3.06, which appears inconsistent with the quoted trading price.
• CIBC cut its price target from C$88 to C$85. Analysts’ consensus remains Moderate Buy, with an average target of C$73.33.
• In its latest reported quarter, the company posted earnings of C$0.46 per share and revenue of C$138.98 million.

Osisko Gold Royalties Ltd (TSE:OR - Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as C$3.06 and last traded at C$45.10, with a volume of 251,938 shares traded. The stock had previously closed at C$45.90.

Wall Street Analyst Weigh In

Separately, Canadian Imperial Bank of Commerce lowered their price objective on Osisko Gold Royalties from C$88.00 to C$85.00 in a research note on Thursday, July 16th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$73.33.

Osisko Gold Royalties Trading Down 1.7%

The company has a current ratio of 2.28, a quick ratio of 0.98 and a debt-to-equity ratio of 14.78. The stock has a market capitalization of C$8.45 billion, a price-to-earnings ratio of 30.07, a PEG ratio of 1.31 and a beta of 1.83. The firm has a 50-day moving average of C$49.62 and a 200 day moving average of C$50.85.

Osisko Gold Royalties (TSE:OR - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported C$0.46 earnings per share (EPS) for the quarter. The company had revenue of C$138.98 million during the quarter. Osisko Gold Royalties had a return on equity of 21.84% and a net margin of 80.76%.

Osisko Gold Royalties Company Profile

OR Royalties is a precious metals royalty and streaming company focused on Tier-1 mining jurisdictions defined as Canada, the United States, and Australia. OR Royalties commenced activities in June 2014 with a single producing asset, and today holds a portfolio of over 195 royalties, streams and similar interests. OR Royalties' portfolio is anchored by its cornerstone asset, the 3-5% net smelter return royalty on Agnico Eagle Mines Limited's Canadian Malartic Complex, one of the world's largest gold mines.

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