Osisko Gold Royalties (TSE:OR) Hits New 1-Year High – Should You Buy?

Shares of Osisko Gold Royalties Ltd (TSE:OR) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$60.64 and last traded at C$60.38, with a volume of 64864 shares trading hands. The stock had previously closed at C$58.73.

Wall Street Analysts Forecast Growth

OR has been the subject of several recent analyst reports. Canaccord Genuity Group raised shares of Osisko Gold Royalties from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Jefferies Financial Group cut Osisko Gold Royalties from a “buy” rating to a “hold” rating and set a C$40.00 price target for the company. in a report on Sunday, October 5th. Scotiabank downgraded Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. Finally, Raymond James Financial upgraded Osisko Gold Royalties from a “hold” rating to a “moderate buy” rating in a report on Thursday, November 6th. One 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.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$41.17.

Osisko Gold Royalties Price Performance

The company has a current ratio of 4.40, a quick ratio of 0.98 and a debt-to-equity ratio of 5.29. The stock has a market capitalization of C$11.38 billion, a P/E ratio of 77.64, a PEG ratio of 1.31 and a beta of 1.21. The company has a fifty day simple moving average of C$49.52 and a two-hundred day simple moving average of C$46.81.

Insiders Place Their Bets

In related news, insider Guy Desharnais sold 4,407 shares of the stock in a transaction that occurred 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 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 corporate 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.