Royal Bank of Canada Trims Osisko gold royalties (TSE:OR) Target Price to C$18.00

Osisko gold royalties (TSE:OR) had its price target lowered by investment analysts at Royal Bank of Canada from C$19.00 to C$18.00 in a report issued on Thursday, March 15th. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 45.87% from the company’s previous close.

A number of other brokerages also recently commented on OR. National Bank Financial upped their target price on shares of Osisko gold royalties from C$16.25 to C$16.50 and gave the stock an “outperform” rating in a research note on Friday, March 9th. Desjardins restated a “buy” rating on shares of Osisko gold royalties in a research note on Monday, December 11th. Scotiabank dropped their target price on shares of Osisko gold royalties from C$19.00 to C$18.50 and set an “outperform” rating on the stock in a research note on Wednesday, February 21st. TD Securities upgraded shares of Osisko gold royalties from a “hold” rating to a “buy” rating and dropped their target price for the stock from C$17.50 to C$16.50 in a research note on Wednesday, February 21st. Finally, Eight Capital restated a “neutral” rating on shares of Osisko gold royalties in a research note on Thursday, November 16th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Osisko gold royalties presently has a consensus rating of “Buy” and an average price target of C$17.61.

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Shares of OR stock opened at C$12.34 on Thursday. Osisko gold royalties has a one year low of C$11.90 and a one year high of C$17.58.

Osisko gold royalties (TSE:OR) last issued its earnings results on Tuesday, February 20th. The company reported C$0.01 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.04 by C($0.03). The company had revenue of C$32.20 million during the quarter, compared to the consensus estimate of C$26.00 million. Osisko gold royalties had a negative return on equity of 13.50% and a negative net margin of 58.74%.

In other news, Director Sean Roosen bought 5,000 shares of the stock in a transaction on Thursday, February 22nd. The stock was bought at an average cost of C$12.36 per share, for a total transaction of C$61,800.00. Also, insider Elif Lévesque bought 4,045 shares of the stock in a transaction on Thursday, February 22nd. The stock was purchased at an average price of C$12.35 per share, with a total value of C$49,955.75. Over the last quarter, insiders have bought 10,445 shares of company stock worth $129,306.

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Osisko gold royalties Company Profile

Osisko Gold Royalties Ltd (Osisko) is a Canada-based company engaged in the business of acquiring and managing precious metal and other interests in Canada and across the world. The Company’s assets include the Canadian Malartic mine, located in Malartic, Quebec and Eleonore mine, located in the James Bay area in Quebec.

Analyst Recommendations for Osisko gold royalties (TSE:OR)

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