Osisko Gold Royalties (TSE:OR) Price Target Raised to C$35.50 at National Bankshares

Osisko Gold Royalties (TSE:OR) had its target price hoisted by equities research analysts at National Bankshares from C$34.00 to C$35.50 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price objective indicates a potential upside of 17.55% from the company’s previous close.

Separately, TD Securities lowered their price objective on shares of Osisko Gold Royalties from C$31.00 to C$30.00 and set a “hold” rating on the stock in a research note on Tuesday, February 25th.

Osisko Gold Royalties Price Performance

Osisko Gold Royalties stock traded up C$0.24 during trading hours on Wednesday, hitting C$30.20. The stock had a trading volume of 117,298 shares, compared to its average volume of 364,686. Osisko Gold Royalties has a 1-year low of C$20.67 and a 1-year high of C$30.50. The stock has a market capitalization of C$5.64 billion, a price-to-earnings ratio of -102.60, a PEG ratio of 1.31 and a beta of 0.90. The stock’s fifty day moving average is C$27.81 and its two-hundred day moving average is C$26.93. The company has a debt-to-equity ratio of 5.29, a current ratio of 4.40 and a quick ratio of 0.98.

Insiders Place Their Bets

In related news, Director Paul Douglas Martin sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of C$25.67, for a total transaction of C$308,040.00. Also, Director Michael David Saynor Spencer sold 5,966 shares of Osisko Gold Royalties stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of C$27.20, for a total transaction of C$162,275.20. In the last three months, insiders sold 32,966 shares of company stock valued at $875,571. Company 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.