Osisko Gold Royalties (TSE:OR) Price Target Raised to C$39.00 at CIBC

Osisko Gold Royalties (TSE:OR) had its price target raised by equities research analysts at CIBC from C$36.00 to C$39.00 in a research report issued on Monday,BayStreet.CA reports. CIBC’s price objective would indicate a potential upside of 44.18% from the stock’s current price.

A number of other research analysts also recently weighed in on OR. Scotiabank raised their price objective on Osisko Gold Royalties from C$25.00 to C$27.00 in a research note on Monday, August 19th. BMO Capital Markets lifted their price objective on Osisko Gold Royalties from C$27.00 to C$28.00 in a research report on Thursday, November 7th. Stifel Nicolaus boosted their target price on Osisko Gold Royalties from C$29.00 to C$31.00 in a research report on Monday, October 21st. TD Securities downgraded Osisko Gold Royalties from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, Raymond James decreased their target price on Osisko Gold Royalties from C$27.50 to C$27.00 in a research note on Monday, August 19th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$30.25.

Osisko Gold Royalties Trading Down 0.5 %

Shares of TSE:OR traded down C$0.13 during midday trading on Monday, reaching C$27.05. The company had a trading volume of 18,410 shares, compared to its average volume of 292,094. Osisko Gold Royalties has a 1-year low of C$17.41 and a 1-year high of C$29.57. The firm has a market cap of C$5.04 billion, a price-to-earnings ratio of -54.10, 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 company has a fifty day simple moving average of C$26.75 and a two-hundred day simple moving average of C$24.23.

Insider Transactions at Osisko Gold Royalties

In related news, Senior Officer André Le Bel sold 10,000 shares of Osisko Gold Royalties stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of C$24.80, for a total value of C$248,000.00. 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.