Canaccord Genuity Group Raises Osisko Gold Royalties (TSE:OR) Price Target to C$30.00

Osisko Gold Royalties (TSE:OR) had its target price boosted by stock analysts at Canaccord Genuity Group from C$28.00 to C$30.00 in a report released on Tuesday, BayStreet.CA reports. Canaccord Genuity Group’s price objective indicates a potential upside of 39.28% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Stifel Nicolaus upped their price target on shares of Osisko Gold Royalties from C$27.00 to C$28.00 and gave the company a “buy” rating in a report on Friday, April 19th. Raymond James upped their price target on shares of Osisko Gold Royalties from C$26.00 to C$28.00 in a report on Tuesday. National Bankshares decreased their price target on shares of Osisko Gold Royalties from C$25.00 to C$23.00 and set an “outperform” rating for the company in a report on Thursday, February 22nd. TD Securities decreased their price target on shares of Osisko Gold Royalties from C$25.00 to C$23.00 and set a “buy” rating for the company in a report on Friday, February 23rd. Finally, CIBC upped their price target on shares of Osisko Gold Royalties from C$28.50 to C$33.00 in a report on Monday, April 15th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$26.56.

Osisko Gold Royalties Trading Down 0.0 %

Shares of TSE:OR opened at C$21.54 on Tuesday. The stock has a market capitalization of C$4.00 billion, a PE ratio of -82.85, a P/E/G ratio of 1.31 and a beta of 0.79. Osisko Gold Royalties has a 1 year low of C$15.42 and a 1 year high of C$24.42. The firm has a fifty day moving average price of C$21.15 and a 200 day moving average price of C$19.42. The company has a current ratio of 4.11, a quick ratio of 0.98 and a debt-to-equity ratio of 12.11.

Osisko Gold Royalties (TSE:OR) last issued its quarterly earnings data on Tuesday, February 20th. The company reported C$0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.15 by C$0.01. The firm had revenue of C$65.16 million during the quarter. Osisko Gold Royalties had a negative net margin of 19.55% and a negative return on equity of 2.85%. Analysts expect that Osisko Gold Royalties will post 0.5493552 EPS for the current fiscal year.

Insider Transactions at Osisko Gold Royalties

In other news, Senior Officer Iain Wesley Farmer sold 19,600 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of C$22.08, for a total transaction of C$432,864.04. In other news, Senior Officer Guy Desharnais sold 7,484 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$21.10, for a total transaction of C$157,912.40. Also, Senior Officer Iain Wesley Farmer sold 19,600 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of C$22.08, for a total transaction of C$432,864.04. Over the last 90 days, insiders sold 53,184 shares of company stock valued at $1,158,088. Corporate insiders own 0.57% of the company’s stock.

About Osisko Gold Royalties

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.