National Bankshares Boosts Osisko Gold Royalties (TSE:OR) Price Target to C$35.00

Osisko Gold Royalties (TSE:OR) had its price target increased by investment analysts at National Bankshares from C$33.50 to C$35.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target suggests a potential upside of 27.41% from the company’s current price.

A number of other equities research analysts also recently commented on OR. CIBC raised their price objective on shares of Osisko Gold Royalties from C$36.00 to C$39.00 in a research report on Monday, December 2nd. BMO Capital Markets upped their price objective on Osisko Gold Royalties from C$27.00 to C$28.00 in a report on Thursday, November 7th. Stifel Nicolaus raised their target price on Osisko Gold Royalties from C$29.00 to C$31.00 in a report on Monday, October 21st. Finally, TD Securities cut shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$31.13.

Osisko Gold Royalties Stock Performance

TSE:OR traded up C$0.71 during mid-day trading on Thursday, reaching C$27.47. 84,052 shares of the stock were exchanged, compared to its average volume of 170,672. The company has a quick ratio of 0.98, a current ratio of 4.92 and a debt-to-equity ratio of 7.00. Osisko Gold Royalties has a 1 year low of C$17.41 and a 1 year high of C$29.57. The company has a 50 day simple moving average of C$27.16 and a 200-day simple moving average of C$25.03. The stock has a market capitalization of C$5.12 billion, a P/E ratio of -54.94, a P/E/G ratio of 1.31 and a beta of 0.90.

Insider Activity

In other news, Director Duncan Cornell Card sold 10,000 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of C$27.03, for a total transaction of C$270,331.00. Corporate insiders own 0.38% of the company’s stock.

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.