Osisko Gold Royalties (TSE:OR) PT Raised to C$30.00 at Canaccord Genuity Group

Osisko Gold Royalties (TSE:OR) had its price target lifted by analysts at Canaccord Genuity Group from C$28.00 to C$30.00 in a report released on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s target price suggests a potential upside of 39.28% from the stock’s current price.

A number of other brokerages have also issued reports on OR. Stifel Nicolaus raised their price objective on shares of Osisko Gold Royalties from C$27.00 to C$28.00 and gave the company a “buy” rating in a report on Friday, April 19th. TD Securities lowered their price target 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. Raymond James raised their price target on shares of Osisko Gold Royalties from C$26.00 to C$28.00 in a report on Tuesday. National Bankshares lowered their price target on shares of Osisko Gold Royalties from C$25.00 to C$23.00 and set an “outperform” rating for the company in a report on Thursday, February 22nd. Finally, CIBC raised their price target on shares of Osisko Gold Royalties from C$28.50 to C$33.00 in a report on Monday, April 15th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$26.56.

Osisko Gold Royalties Trading Down 0.0 %

Shares of Osisko Gold Royalties stock opened at C$21.54 on Tuesday. The company has a market capitalization of C$4.00 billion, a price-to-earnings ratio of -82.85, a PEG ratio of 1.31 and a beta of 0.79. The company has a quick ratio of 0.98, a current ratio of 4.11 and a debt-to-equity ratio of 12.11. Osisko Gold Royalties has a 12-month low of C$15.42 and a 12-month high of C$24.42. The firm’s 50-day moving average price is C$21.15 and its two-hundred day moving average price is C$19.42.

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

Insider Transactions at Osisko Gold Royalties

In other news, Senior Officer Guy Desharnais sold 7,484 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$21.10, for a total value of C$157,912.40. In related news, Senior Officer André Le Bel sold 10,000 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of C$21.44, for a total transaction of C$214,400.00. Also, Senior Officer Guy Desharnais sold 7,484 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$21.10, for a total transaction of C$157,912.40. Insiders sold a total of 53,184 shares of company stock worth $1,158,088 in the last quarter. 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.