TD Securities Issues Positive Forecast for Osisko Gold Royalties (TSE:OR) Stock Price

Osisko Gold Royalties (TSE:OR) had its price objective lifted by equities researchers at TD Securities from C$52.00 to C$66.00 in a note issued to investors on Thursday,BayStreet.CA reports. TD Securities’ price target suggests a potential upside of 5.80% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. 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. 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. Jefferies Financial Group downgraded 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. Finally, Scotiabank cut Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$45.50.

Osisko Gold Royalties Stock Up 4.2%

Shares of OR traded up C$2.49 during midday trading on Thursday, hitting C$62.38. The company had a trading volume of 200,581 shares, compared to its average volume of 499,464. Osisko Gold Royalties has a 1 year low of C$25.35 and a 1 year high of C$62.70. The firm has a market capitalization of C$11.73 billion, a P/E ratio of 79.97, a P/E/G ratio of 1.31 and a beta of 1.21. 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 company’s 50-day simple moving average is C$50.09 and its 200-day simple moving average is C$47.08.

Insider Buying and Selling

In related news, insider Guy Desharnais sold 4,407 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of C$45.15, for a total value of C$198,976.05. Following the completion of the sale, the insider directly owned 24,814 shares of the company’s stock, valued at C$1,120,352.10. The trade was a 15.08% decrease in their ownership of the stock. 0.38% of the stock is owned by corporate insiders.

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.