Osisko Gold Royalties Ltd (TSE:OR) Receives Average Rating of “Moderate Buy” from Brokerages

Osisko Gold Royalties Ltd (TSE:OR) has received an average recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$40.86.

Several equities research analysts recently commented on the company. TD Securities increased their price objective on Osisko Gold Royalties from C$35.00 to C$40.00 in a research report on Wednesday, July 16th. Canaccord Genuity Group upgraded shares of Osisko Gold Royalties from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Raymond James Financial upgraded shares of Osisko Gold Royalties from a “hold” rating to a “moderate buy” rating in a research report on Thursday, November 6th. Scotiabank cut shares of Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. Finally, Jefferies Financial Group lowered shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating and set a C$40.00 target price for the company. in a research note on Sunday, October 5th.

Osisko Gold Royalties Stock Performance

Shares of OR opened at C$45.38 on Wednesday. The company has a market cap of C$8.54 billion, a price-to-earnings ratio of 58.18, a P/E/G ratio of 1.31 and a beta of 1.28. The business’s fifty day simple moving average is C$49.90 and its two-hundred day simple moving average is C$41.57. Osisko Gold Royalties has a 12 month low of C$25.35 and a 12 month high of C$58.84. The company has a current ratio of 4.40, a quick ratio of 0.98 and a debt-to-equity ratio of 5.29.

About Osisko Gold Royalties

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.