Osisko Gold Royalties (TSE:OR) Given New C$31.00 Price Target at Stifel Nicolaus

Osisko Gold Royalties (TSE:OR) had its target price hoisted by stock analysts at Stifel Nicolaus from C$29.00 to C$31.00 in a research note issued to investors on Monday, BayStreet.CA reports. Stifel Nicolaus’ target price indicates a potential upside of 6.86% from the stock’s current price.

Several other analysts have also weighed in on OR. CIBC boosted their price objective on Osisko Gold Royalties from C$33.00 to C$34.00 in a report on Wednesday, July 10th. Jefferies Financial Group raised Osisko Gold Royalties from a “hold” rating to a “buy” rating in a report on Friday, July 12th. Scotiabank boosted their price objective on Osisko Gold Royalties from C$25.00 to C$27.00 in a report on Monday, August 19th. Canaccord Genuity Group boosted their price objective on Osisko Gold Royalties from C$30.00 to C$31.00 in a report on Tuesday, July 23rd. Finally, TD Securities upped their target price on Osisko Gold Royalties from C$27.00 to C$31.00 in a report on Friday. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$29.13.

Osisko Gold Royalties Stock Up 1.8 %

Shares of TSE OR traded up C$0.52 during midday trading on Monday, reaching C$29.01. 208,693 shares of the company’s stock were exchanged, compared to its average volume of 267,272. Osisko Gold Royalties has a 52-week low of C$16.32 and a 52-week high of C$29.21. The stock has a market capitalization of C$5.40 billion, a PE ratio of -58.12, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90. The company has a debt-to-equity ratio of 7.00, a quick ratio of 0.98 and a current ratio of 4.92. The business’s fifty day moving average price is C$24.29 and its two-hundred day moving average price is C$23.11.

Osisko Gold Royalties (TSE:OR) last announced its quarterly earnings data on Tuesday, August 6th. The company reported C$0.18 earnings per share for the quarter, beating the consensus estimate of C$0.17 by C$0.01. The firm had revenue of C$64.85 million during the quarter. Osisko Gold Royalties had a negative return on equity of 5.46% and a negative net margin of 36.86%.

Insiders Place Their Bets

In other Osisko Gold Royalties news, Director Duncan Cornell Card sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of C$27.03, for a total value of C$270,331.00. In other Osisko Gold Royalties news, Director Duncan Cornell Card sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of C$27.03, for a total value of C$270,331.00. Also, Director Everard Trenton Richards sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of C$22.19, for a total value of C$332,913.00. Insiders sold 35,000 shares of company stock worth $851,244 over the last ninety days. Company 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.