Osisko Gold Royalties (TSE:OR) Given New C$31.00 Price Target at TD Securities

Osisko Gold Royalties (TSE:OR - Get Free Report) had its price target boosted by equities researchers at TD Securities from C$27.00 to C$31.00 in a research note issued to investors on Friday, BayStreet.CA reports. TD Securities' price target would suggest a potential upside of 8.81% from the stock's current price.

Other equities research analysts have also issued research reports about the stock. Raymond James dropped their price objective on shares of Osisko Gold Royalties from C$27.50 to C$27.00 in a research report on Monday, August 19th. CIBC raised their price objective on Osisko Gold Royalties from C$33.00 to C$34.00 in a research report on Wednesday, July 10th. Jefferies Financial Group raised Osisko Gold Royalties from a "hold" rating to a "buy" rating in a research report on Friday, July 12th. Scotiabank increased their target price on Osisko Gold Royalties from C$25.00 to C$27.00 in a research note on Monday, August 19th. Finally, National Bankshares boosted their price target on Osisko Gold Royalties from C$26.00 to C$28.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 17th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Osisko Gold Royalties currently has an average rating of "Moderate Buy" and an average target price of C$28.75.

Osisko Gold Royalties Price Performance

TSE:OR traded up C$0.84 during trading hours on Friday, reaching C$28.49. 261,603 shares of the company traded hands, compared to its average volume of 267,562. 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 firm's 50-day moving average is C$24.19 and its 200-day moving average is C$23.06. The stock has a market cap of C$5.31 billion, a P/E ratio of -57.46, a P/E/G ratio of 1.31 and a beta of 0.90. Osisko Gold Royalties has a 1-year low of C$16.32 and a 1-year high of C$28.75.

Osisko Gold Royalties (TSE:OR - Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported C$0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.17 by C$0.01. The company had revenue of C$64.85 million for the quarter. Osisko Gold Royalties had a negative net margin of 36.86% and a negative return on equity of 5.46%.

Insider Buying and Selling

In related news, Director Everard Trenton Richards sold 15,000 shares of the business's stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of C$22.19, for a total transaction of C$332,913.00. In other news, Director Duncan Cornell Card sold 10,000 shares of the business'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. Also, Director Everard Trenton Richards sold 15,000 shares of Osisko Gold Royalties stock in a transaction dated Friday, August 9th. The stock was sold at an average price of C$22.19, for a total value of C$332,913.00. Insiders sold 35,000 shares of company stock valued at $851,244 in the last three months. 0.38% of the stock is currently owned by corporate insiders.

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.