Stifel Nicolaus Increases Osisko Gold Royalties (TSE:OR) Price Target to C$31.00

Osisko Gold Royalties (TSE:OR) had its price objective boosted by stock analysts at Stifel Nicolaus from C$29.00 to C$31.00 in a report issued on Monday, BayStreet.CA reports. Stifel Nicolaus’ price objective points to a potential upside of 6.31% from the company’s current price.

A number of other research analysts also recently weighed in on OR. CIBC upped their target price on Osisko Gold Royalties from C$33.00 to C$34.00 in a report on Wednesday, July 10th. Jefferies Financial Group raised shares of Osisko Gold Royalties from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. Canaccord Genuity Group boosted their price objective on shares of Osisko Gold Royalties from C$30.00 to C$31.00 in a research note on Tuesday, July 23rd. Raymond James lowered their target price on shares of Osisko Gold Royalties from C$27.50 to C$27.00 in a report on Monday, August 19th. Finally, TD Securities raised their price objective on Osisko Gold Royalties from C$27.00 to C$31.00 in a research report on Friday, October 18th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Osisko Gold Royalties presently has an average rating of “Moderate Buy” and an average price target of C$29.13.

Osisko Gold Royalties Price Performance

OR stock opened at C$29.16 on Monday. The company has a current ratio of 4.92, a quick ratio of 0.98 and a debt-to-equity ratio of 7.00. The firm’s 50-day moving average price is C$24.55 and its two-hundred day moving average price is C$23.21. The stock has a market capitalization of C$5.43 billion, a price-to-earnings ratio of -58.32, a PEG ratio of 1.31 and a beta of 0.90. Osisko Gold Royalties has a 12-month low of C$16.32 and a 12-month high of C$29.30.

Osisko Gold Royalties (TSE:OR) last released its quarterly earnings results 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. Osisko Gold Royalties had a negative net margin of 36.86% and a negative return on equity of 5.46%. The business had revenue of C$64.85 million for the quarter.

Insider Activity at Osisko Gold Royalties

In other Osisko Gold Royalties news, Director Everard Trenton Richards sold 15,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of C$22.19, for a total transaction of C$332,913.00. In other news, Director Everard Trenton Richards sold 15,000 shares of the 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 transaction of C$332,913.00. Also, Senior Officer André Le Bel sold 10,000 shares of Osisko Gold Royalties stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$24.80, for a total value of C$248,000.00. Over the last ninety days, insiders sold 35,000 shares of company stock worth $851,244. 0.38% of the stock is 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.