Osisko Gold Royalties (TSE:OR) Upgraded at Jefferies Financial Group

Osisko Gold Royalties (TSE:OR) was upgraded by analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research report issued on Friday, BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the stock. Raymond James increased their price objective on shares of Osisko Gold Royalties from C$26.00 to C$28.00 in a research note on Tuesday, April 23rd. Stifel Nicolaus increased their target price on shares of Osisko Gold Royalties from C$27.00 to C$28.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. CIBC increased their target price on shares of Osisko Gold Royalties from C$33.00 to C$34.00 in a research report on Wednesday. Scotiabank raised their price objective on shares of Osisko Gold Royalties from C$23.00 to C$24.00 in a research report on Thursday, May 23rd. Finally, Canaccord Genuity Group raised their price objective on shares of Osisko Gold Royalties from C$28.00 to C$30.00 in a research report on Tuesday, April 23rd. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Osisko Gold Royalties presently has a consensus rating of “Moderate Buy” and an average price target of C$26.75.

Osisko Gold Royalties Stock Performance

Osisko Gold Royalties stock traded up C$0.46 during mid-day trading on Friday, reaching C$23.28. The company had a trading volume of 120,400 shares, compared to its average volume of 283,934. The company has a quick ratio of 0.98, a current ratio of 4.95 and a debt-to-equity ratio of 9.52. Osisko Gold Royalties has a 52 week low of C$15.42 and a 52 week high of C$23.75. The company has a 50 day moving average of C$22.22 and a 200-day moving average of C$21.04. The firm has a market cap of C$4.33 billion, a price-to-earnings ratio of -80.59, a PEG ratio of 1.31 and a beta of 0.82.

Osisko Gold Royalties (TSE:OR) last announced its quarterly earnings data on Wednesday, May 8th. 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 net margin of 21.78% and a negative return on equity of 3.15%. The company had revenue of C$60.75 million during the quarter. On average, sell-side analysts expect that Osisko Gold Royalties will post 0.6398844 EPS for the current fiscal year.

Insider Activity at Osisko Gold Royalties

In related news, Director Victor Bradley sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of C$22.05, for a total value of C$110,270.50. In other Osisko Gold Royalties news, Director Victor Bradley sold 5,000 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of C$22.05, for a total value of C$110,270.50. Also, Senior Officer Frédéric Ruel sold 33,700 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of C$22.20, for a total transaction of C$748,140.00. In the last ninety days, insiders sold 48,700 shares of company stock worth $1,087,670. Insiders own 0.38% of the company’s stock.

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.