National Bankshares Boosts Osisko Gold Royalties (TSE:OR) Price Target to C$35.50

Osisko Gold Royalties (TSE:OR) had its price objective increased by analysts at National Bankshares from C$34.00 to C$35.50 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 17.55% from the stock’s previous close.

Separately, TD Securities cut their price objective on shares of Osisko Gold Royalties from C$31.00 to C$30.00 and set a “hold” rating on the stock in a report on Tuesday, February 25th.

Osisko Gold Royalties Stock Up 0.8 %

TSE:OR traded up C$0.24 during trading hours on Wednesday, hitting C$30.20. The company’s stock had a trading volume of 117,298 shares, compared to its average volume of 364,686. The stock has a market capitalization of C$5.64 billion, a P/E ratio of -102.60, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90. The company has a current ratio of 4.40, a quick ratio of 0.98 and a debt-to-equity ratio of 5.29. The stock has a fifty day moving average of C$27.81 and a 200-day moving average of C$26.93. Osisko Gold Royalties has a 52-week low of C$20.67 and a 52-week high of C$30.50.

Insider Activity

In other news, Director Michael David Saynor Spencer sold 5,966 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of C$27.20, for a total transaction of C$162,275.20. Also, Director Paul Douglas Martin sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of C$25.67, for a total value of C$308,040.00. Insiders have sold 32,966 shares of company stock valued at $875,571 in the last ninety days. 0.38% of the stock is currently owned by company 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.