National Bankshares Cuts Osisko Gold Royalties (TSE:OR) Price Target to C$34.00

Osisko Gold Royalties (TSE:OR) had its price objective cut by research analysts at National Bankshares from C$35.00 to C$34.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 20.48% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the stock. Stifel Nicolaus boosted their price objective on shares of Osisko Gold Royalties from C$29.00 to C$31.00 in a research report on Monday, October 21st. CIBC boosted their price objective on shares of Osisko Gold Royalties from C$36.00 to C$39.00 in a research note on Monday, December 2nd. BMO Capital Markets upped their target price on shares of Osisko Gold Royalties from C$27.00 to C$28.00 in a research note on Thursday, November 7th. Finally, TD Securities downgraded shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research note on Monday, November 11th.

Osisko Gold Royalties Stock Performance

OR traded down C$0.40 on Tuesday, hitting C$28.22. The company’s stock had a trading volume of 121,386 shares, compared to its average volume of 277,840. The company’s 50 day simple moving average is C$27.01 and its 200-day simple moving average is C$25.88. The firm has a market cap of C$5.26 billion, a P/E ratio of -56.44, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90. Osisko Gold Royalties has a 12 month low of C$17.41 and a 12 month high of C$29.57. The company has a quick ratio of 0.98, a current ratio of 4.92 and a debt-to-equity ratio of 7.00.

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.