Osisko Gold Royalties (TSE:OR) Shares Cross Above 50-Day Moving Average – Here’s Why

Osisko Gold Royalties Ltd (TSE:OR)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$52.11 and traded as high as C$63.96. Osisko Gold Royalties shares last traded at C$61.65, with a volume of 760,273 shares traded.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group downgraded shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating and set a C$40.00 price target for the company. in a research note on Sunday, October 5th. TD Securities increased their price objective on Osisko Gold Royalties from C$52.00 to C$66.00 in a report on Thursday, January 22nd. Canaccord Genuity Group raised Osisko Gold Royalties from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Raymond James Financial upgraded Osisko Gold Royalties from a “hold” rating to a “moderate buy” rating in a research report on Thursday, November 6th. Finally, Scotiabank downgraded Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. One 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$45.50.

Osisko Gold Royalties Stock Down 2.9%

The company has a quick ratio of 0.98, a current ratio of 4.40 and a debt-to-equity ratio of 5.29. The stock’s 50-day simple moving average is C$52.11 and its 200 day simple moving average is C$48.07. The firm has a market cap of C$11.59 billion, a P/E ratio of 79.04, a PEG ratio of 1.31 and a beta of 1.21.

Insider Activity at Osisko Gold Royalties

In related news, insider Guy Desharnais sold 4,407 shares of the firm’s stock in a transaction that occurred 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 sale, the insider owned 24,814 shares of the company’s stock, valued at C$1,120,352.10. This trade represents a 15.08% decrease in their ownership of the stock. 0.38% of the stock is currently owned by 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.