Osisko Gold Royalties (TSE:OR) Sets New 1-Year High - Here's Why

Osisko Gold Royalties Ltd (TSE:OR - Get Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as C$29.57 and last traded at C$29.46, with a volume of 102709 shares. The stock had previously closed at C$28.25.

Analyst Ratings Changes

Several analysts have issued reports on OR shares. TD Securities lowered shares of Osisko Gold Royalties from a "buy" rating to a "hold" rating in a research report on Monday, November 11th. National Bankshares dropped their price target on shares of Osisko Gold Royalties from C$35.00 to C$34.00 and set an "outperform" rating for the company in a research report on Tuesday, February 11th. Stifel Nicolaus boosted their price objective on shares of Osisko Gold Royalties from C$29.00 to C$31.00 in a research report on Monday, October 21st. CIBC upped their price objective on shares of Osisko Gold Royalties from C$36.00 to C$39.00 in a research note on Monday, December 2nd. Finally, BMO Capital Markets raised their target price 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

The company's 50-day moving average price is C$27.13 and its 200 day moving average price is C$25.99. The stock has a market capitalization of C$5.22 billion, a PE ratio of -94.96, a PEG ratio of 1.31 and a beta of 0.90. The company has a debt-to-equity ratio of 5.29, a quick ratio of 0.98 and a current ratio of 4.40.

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.