BMO Capital Markets Boosts Osisko Gold Royalties (TSE:OR) Price Target to C$28.00

Osisko Gold Royalties (TSE:OR) had its price objective hoisted by equities researchers at BMO Capital Markets from C$27.00 to C$28.00 in a research note issued to investors on Thursday,BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential downside of 1.37% from the stock’s previous close.

OR has been the subject of a number of other reports. Stifel Nicolaus increased their price target on Osisko Gold Royalties from C$29.00 to C$31.00 in a research note on Monday, October 21st. Jefferies Financial Group upgraded Osisko Gold Royalties from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. Canaccord Genuity Group boosted their target price on shares of Osisko Gold Royalties from C$30.00 to C$31.00 in a research report on Tuesday, July 23rd. CIBC raised their target price on Osisko Gold Royalties from C$33.00 to C$34.00 in a report on Wednesday, July 10th. Finally, Scotiabank lifted their target price on shares of Osisko Gold Royalties from C$25.00 to C$27.00 in a report on Monday, August 19th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$29.63.

Osisko Gold Royalties Price Performance

Shares of OR traded up C$0.14 during mid-day trading on Thursday, reaching C$28.39. 118,417 shares of the stock traded hands, compared to its average volume of 292,015. Osisko Gold Royalties has a 1 year low of C$16.32 and a 1 year high of C$29.57. The firm has a fifty day moving average price of C$25.61 and a 200 day moving average price of C$23.65. The company has a market cap of C$5.29 billion, a price-to-earnings ratio of -56.78, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90. The company has a current ratio of 4.92, a quick ratio of 0.98 and a debt-to-equity ratio of 7.00.

Osisko Gold Royalties (TSE:OR) last posted its quarterly earnings data on Tuesday, August 6th. The company reported C$0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.17 by C$0.01. The firm had revenue of C$64.85 million during the quarter. Osisko Gold Royalties had a negative return on equity of 5.46% and a negative net margin of 36.86%.

Insider Activity at Osisko Gold Royalties

In other news, Director Everard Trenton Richards sold 15,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of C$22.19, for a total value of C$332,913.00. In other Osisko Gold Royalties news, Director Everard Trenton Richards sold 15,000 shares of Osisko Gold Royalties stock in a transaction on Friday, August 9th. The stock was sold at an average price of C$22.19, for a total value of C$332,913.00. Also, Senior Officer André Le Bel sold 10,000 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$24.80, for a total value of C$248,000.00. In the last three months, insiders have sold 35,000 shares of company stock valued at $851,244. 0.38% of the stock is 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.