CIBC Issues Positive Forecast for Osisko Gold Royalties (TSE:OR) Stock Price

Osisko Gold Royalties (TSE:OR) had its price target boosted by equities research analysts at CIBC from C$36.00 to C$39.00 in a note issued to investors on Monday,BayStreet.CA reports. CIBC’s target price suggests a potential upside of 44.18% from the company’s current price.

Several other brokerages have also commented on OR. TD Securities lowered shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a report on Monday, November 11th. BMO Capital Markets raised their price objective on shares of Osisko Gold Royalties from C$27.00 to C$28.00 in a report on Thursday, November 7th. Scotiabank lifted their target price on shares of Osisko Gold Royalties from C$25.00 to C$27.00 in a report on Monday, August 19th. Raymond James lowered their target price on shares of Osisko Gold Royalties from C$27.50 to C$27.00 in a report on Monday, August 19th. Finally, Stifel Nicolaus lifted their target price on shares of Osisko Gold Royalties from C$29.00 to C$31.00 in a report on Monday, October 21st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$30.25.

Osisko Gold Royalties Price Performance

TSE OR traded down C$0.13 during trading hours on Monday, reaching C$27.05. 18,410 shares of the stock traded hands, compared to its average volume of 292,094. The stock has a 50 day simple moving average of C$26.75 and a two-hundred day simple moving average of C$24.23. 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 debt-to-equity ratio of 7.00, a current ratio of 4.92 and a quick ratio of 0.98. The company has a market cap of C$5.04 billion, a price-to-earnings ratio of -54.10, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90.

Insider Buying and Selling

In other Osisko Gold Royalties news, Director Duncan Cornell Card sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of C$27.03, for a total value of C$270,331.00. 0.38% of the stock is currently owned by corporate insiders.

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.