National Bankshares Forecasts Strong Price Appreciation for Osisko Gold Royalties (TSE:OR) Stock

Osisko Gold Royalties (TSE:OR) had its price objective increased by National Bankshares from C$33.50 to C$35.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 29.87% from the company’s previous close.

Several other research analysts have also weighed in on the company. TD Securities lowered Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Stifel Nicolaus lifted their price objective on Osisko Gold Royalties from C$29.00 to C$31.00 in a research note on Monday, October 21st. BMO Capital Markets increased their target price on shares of Osisko Gold Royalties from C$27.00 to C$28.00 in a research report on Thursday, November 7th. Finally, CIBC lifted their price target on shares of Osisko Gold Royalties from C$36.00 to C$39.00 in a research report on Monday, December 2nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Osisko Gold Royalties currently has a consensus rating of “Moderate Buy” and a consensus target price of C$31.13.

Osisko Gold Royalties Stock Performance

Shares of OR stock opened at C$26.95 on Thursday. The company has a debt-to-equity ratio of 7.00, a quick ratio of 0.98 and a current ratio of 4.92. The firm has a market capitalization of C$5.02 billion, a price-to-earnings ratio of -53.90, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90. Osisko Gold Royalties has a one year low of C$17.41 and a one year high of C$29.57. The company has a 50 day moving average price of C$27.09 and a 200 day moving average price of C$25.07.

Insider Activity

In other Osisko Gold Royalties news, Director Duncan Cornell Card sold 10,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of C$27.03, for a total value of C$270,331.00. 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.