Osisko Gold Royalties (TSE:OR) Reaches New 52-Week High – Should You Buy?
by Mitch Edgeman · The Markets DailyOsisko Gold Royalties Ltd (TSE:OR – Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as C$60.64 and last traded at C$60.38, with a volume of 64864 shares changing hands. The stock had previously closed at C$58.73.
Analysts Set New Price Targets
A number of research firms have recently commented on OR. Canaccord Genuity Group raised shares of Osisko Gold Royalties from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Raymond James Financial upgraded shares of Osisko Gold Royalties from a “hold” rating to a “moderate buy” rating in a report on Thursday, November 6th. TD Securities raised their price target on Osisko Gold Royalties from C$52.00 to C$66.00 in a research report on Thursday. Jefferies Financial Group cut Osisko Gold Royalties from a “buy” rating to a “hold” rating and set a C$40.00 price objective for the company. in a research report on Sunday, October 5th. Finally, Scotiabank downgraded Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$45.50.
View Our Latest Analysis on OR
Osisko Gold Royalties Stock Performance
The company has a debt-to-equity ratio of 5.29, a quick ratio of 0.98 and a current ratio of 4.40. The firm has a 50 day moving average price of C$50.42 and a two-hundred day moving average price of C$47.18. The company has a market capitalization of C$11.73 billion, a P/E ratio of 80.00, a price-to-earnings-growth ratio of 1.31 and a beta of 1.21.
Insiders Place Their Bets
In other Osisko Gold Royalties news, insider Guy Desharnais sold 4,407 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of C$45.15, for a total transaction of C$198,976.05. Following the completion of the transaction, the insider directly owned 24,814 shares in the company, valued at C$1,120,352.10. This represents a 15.08% decrease in their ownership of the stock. 0.38% of the stock is owned by company insiders.
Osisko Gold Royalties Company Profile
Osisko is an intermediate precious metal royalty company focused on the Americas that commenced activities in June 2014. Osisko holds a North American focused portfolio of over 175 royalties, streams and precious metal offtakes. Osisko’s portfolio is anchored by its cornerstone asset, a 5% net smelter return royalty on the Canadian Malartic mine, which is the largest gold mine in Canada.