Canadian Imperial Bank of Commerce Issues Pessimistic Forecast for Osisko Gold Royalties (TSE:OR) Stock Price

Osisko Gold Royalties (TSE:OR) had its target price lowered by equities research analysts at Canadian Imperial Bank of Commerce from C$88.00 to C$85.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price target suggests a potential upside of 116.62% from the stock’s previous close.

Separately, Stifel Nicolaus boosted their price target on Osisko Gold Royalties from C$70.00 to C$71.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$63.20.

Osisko Gold Royalties Stock Performance

Osisko Gold Royalties stock traded down C$1.19 during midday trading on Thursday, hitting C$39.24. 149,402 shares of the company’s stock were exchanged, compared to its average volume of 447,367. Osisko Gold Royalties has a 12-month low of C$36.91 and a 12-month high of C$65.54. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.98 and a current ratio of 4.11. The stock has a market cap of C$7.36 billion, a price-to-earnings ratio of 29.28, a price-to-earnings-growth ratio of 1.31 and a beta of 1.85. The firm’s 50 day simple moving average is C$47.64 and its 200 day simple moving average is C$52.73.

Osisko Gold Royalties (TSE:OR) last announced its earnings results on Wednesday, May 6th. The company reported C$0.56 EPS for the quarter. Osisko Gold Royalties had a net margin of 82.42% and a return on equity of 19.91%. The business had revenue of C$142.97 million during the quarter.

Insider Buying and Selling at Osisko Gold Royalties

In related news, Director Everard Trenton Richards sold 15,000 shares of Osisko Gold Royalties stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of C$53.85, for a total value of C$807,750.00. Also, Director Duncan Cornell Card sold 5,000 shares of Osisko Gold Royalties stock in a transaction on Monday, June 15th. The shares were sold at an average price of C$50.99, for a total transaction of C$254,950.00. 0.38% of the stock is owned by company insiders.

About Osisko Gold Royalties

OR Royalties is a precious metals royalty and streaming company focused on Tier-1 mining jurisdictions defined as Canada, the United States, and Australia. OR Royalties commenced activities in June 2014 with a single producing asset, and today holds a portfolio of over 195 royalties, streams and similar interests. OR Royalties’ portfolio is anchored by its cornerstone asset, the 3-5% net smelter return royalty on Agnico Eagle Mines Limited’s Canadian Malartic Complex, one of the world’s largest gold mines.