Osisko Gold Royalties (TSE:OR) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Osisko Gold Royalties Ltd (TSE:OR) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$31.61 and traded as high as C$34.95. Osisko Gold Royalties shares last traded at C$34.35, with a volume of 288,849 shares.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on OR. Stifel Nicolaus boosted their price objective on shares of Osisko Gold Royalties from C$33.00 to C$38.00 in a research report on Monday, April 21st. Scotiabank upgraded shares of Osisko Gold Royalties from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 14th. TD Securities upped their target price on shares of Osisko Gold Royalties from C$30.00 to C$35.00 in a research report on Tuesday, April 15th. Finally, National Bankshares upped their target price on shares of Osisko Gold Royalties from C$34.00 to C$35.50 and gave the stock an “outperform” rating in a research report on Wednesday, April 2nd.

Osisko Gold Royalties Trading Down 2.2%

The firm has a market capitalization of C$6.41 billion, a price-to-earnings ratio of -116.70, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90. The firm’s 50 day moving average is C$31.61 and its 200 day moving average is C$28.70. The company has a quick ratio of 0.98, a current ratio of 4.40 and a debt-to-equity ratio of 5.29.

Insider Activity

In other news, Director Michael David Saynor Spencer sold 5,966 shares of the business’s stock in a transaction that occurred 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. Also, Director Paul Douglas Martin sold 12,000 shares of the business’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. Insiders have sold 59,058 shares of company stock worth $1,766,473 over the last 90 days. 0.38% of the stock is owned by company insiders.

About Osisko Gold Royalties

Osisko is an intermediate precious metal royalty company focused on the Americas that commenced activities in June 2014. Osisko holds a North American focused portfolio of over 175 royalties, streams and precious metal offtakes. Osisko’s portfolio is anchored by its cornerstone asset, a 5% net smelter return royalty on the Canadian Malartic mine, which is the largest gold mine in Canada.