National Bankshares Cuts Osisko Gold Royalties (TSE:OR) Price Target to C$34.00

Osisko Gold Royalties (TSE:OR - Get Free Report) had its price objective reduced by investment analysts at National Bankshares from C$35.00 to C$34.00 in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. National Bankshares' price target suggests a potential upside of 21.65% from the company's current price.

Several other analysts also recently commented on the company. TD Securities downgraded Osisko Gold Royalties from a "buy" rating to a "hold" rating in a research note on Monday, November 11th. Stifel Nicolaus upped their price objective on Osisko Gold Royalties from C$29.00 to C$31.00 in a research note on Monday, October 21st. CIBC upped their price objective on Osisko Gold Royalties from C$36.00 to C$39.00 in a research note on Monday, December 2nd. Finally, BMO Capital Markets upped their price objective on Osisko Gold Royalties from C$27.00 to C$28.00 in a research note on Thursday, November 7th.

Osisko Gold Royalties Stock Performance

Shares of Osisko Gold Royalties stock traded down C$1.05 on Tuesday, hitting C$27.95. The stock had a trading volume of 268,174 shares, compared to its average volume of 288,710. The company's 50 day moving average price is C$27.11 and its 200 day moving average price is C$25.95. 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 cap of C$5.22 billion, a price-to-earnings ratio of -94.96, a P/E/G ratio of 1.31 and a beta of 0.90. Osisko Gold Royalties has a 52-week low of C$17.41 and a 52-week high of C$29.59.

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.