Osisko Gold Royalties (TSE:OR) Sets New 12-Month High – Here’s Why

Osisko Gold Royalties Ltd (TSE:OR)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$29.57 and last traded at C$29.46, with a volume of 102709 shares changing hands. The stock had previously closed at C$28.25.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on OR. National Bankshares reduced their price target on Osisko Gold Royalties from C$35.00 to C$34.00 and set an “outperform” rating for the company in a research report on Tuesday. TD Securities lowered shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Stifel Nicolaus lifted their price target on shares of Osisko Gold Royalties from C$29.00 to C$31.00 in a report on Monday, October 21st. BMO Capital Markets increased their price objective on shares of Osisko Gold Royalties from C$27.00 to C$28.00 in a research note on Thursday, November 7th. Finally, CIBC upped their target price on shares of Osisko Gold Royalties from C$36.00 to C$39.00 in a report on Monday, December 2nd.

Osisko Gold Royalties Price Performance

The company has a quick ratio of 0.98, a current ratio of 4.92 and a debt-to-equity ratio of 7.00. The firm’s fifty day moving average price is C$27.04 and its 200 day moving average price is C$25.91. The stock has a market cap of C$5.43 billion, a PE ratio of -58.34, a P/E/G ratio of 1.31 and a beta of 0.90.

Osisko Gold Royalties Company Profile

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.