Osisko Gold Royalties (TSE:OR) Price Target Raised to C$33.00

Osisko Gold Royalties (TSE:OR - Get Free Report) had its price target hoisted by stock analysts at CIBC from C$28.50 to C$33.00 in a note issued to investors on Monday, BayStreet.CA reports. CIBC's price objective points to a potential upside of 49.66% from the company's previous close.

Other research analysts have also recently issued research reports about the company. Raymond James raised their target price on Osisko Gold Royalties from C$25.00 to C$26.00 and gave the company an "outperform" rating in a research note on Friday, January 12th. National Bankshares dropped their target price on shares of Osisko Gold Royalties from C$25.00 to C$23.00 and set an "outperform" rating on the stock in a report on Thursday, February 22nd. Finally, TD Securities reduced their target price on shares of Osisko Gold Royalties from C$25.00 to C$23.00 and set a "buy" rating for the company in a report on Friday, February 23rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of C$25.75.

Osisko Gold Royalties Trading Down 0.7 %

Shares of TSE:OR traded down C$0.16 during midday trading on Monday, reaching C$22.05. The company's stock had a trading volume of 241,628 shares, compared to its average volume of 310,039. The company has a quick ratio of 0.98, a current ratio of 4.11 and a debt-to-equity ratio of 12.11. The firm has a market cap of C$4.09 billion, a price-to-earnings ratio of -84.65, a price-to-earnings-growth ratio of 1.31 and a beta of 0.79. Osisko Gold Royalties has a 1 year low of C$15.42 and a 1 year high of C$24.42. The business has a 50 day moving average price of C$20.82 and a 200 day moving average price of C$19.10.

Osisko Gold Royalties (TSE:OR - Get Free Report) last announced its earnings results on Tuesday, February 20th. The company reported C$0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.15 by C$0.01. Osisko Gold Royalties had a negative return on equity of 2.85% and a negative net margin of 19.55%. The company had revenue of C$65.16 million for the quarter. Research analysts forecast that Osisko Gold Royalties will post 0.5493552 EPS for the current year.

Insiders Place Their Bets

In other news, Senior Officer André Le Bel sold 10,000 shares of the business's stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of C$21.44, for a total transaction of C$214,400.00. In other news, Senior Officer André Le Bel sold 10,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of C$21.44, for a total value of C$214,400.00. Also, Senior Officer Iain Wesley Farmer sold 19,600 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of C$22.08, for a total value of C$432,864.04. Over the last quarter, insiders have sold 53,184 shares of company stock valued at $1,158,088. 0.57% of the stock is currently owned by corporate insiders.

About Osisko Gold Royalties

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally. It also owns options on offtake; royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company's primary asset is a 3-5% net smelter return royalty on the Canadian Malartic complex located in Canada.