Osisko Gold Royalties (TSE:OR) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Osisko Gold Royalties Ltd (TSE:ORGet Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$53.17 and traded as low as C$45.04. Osisko Gold Royalties shares last traded at C$45.17, with a volume of 113,955 shares traded.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus lifted their price objective on shares of Osisko Gold Royalties from C$70.00 to C$71.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Osisko Gold Royalties currently has a consensus rating of “Moderate Buy” and a consensus target price of C$57.75.

Get Our Latest Report on Osisko Gold Royalties

Osisko Gold Royalties Price Performance

The company has a 50 day moving average of C$49.31 and a 200 day moving average of C$53.17. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.98 and a current ratio of 4.11. The stock has a market capitalization of C$8.47 billion, a price-to-earnings ratio of 33.71, a PEG ratio of 1.31 and a beta of 1.76.

Osisko Gold Royalties (TSE:ORGet Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C$0.56 earnings per share (EPS) for the quarter. The company had revenue of C$142.97 million for the quarter. Osisko Gold Royalties had a return on equity of 19.91% and a net margin of 82.42%.

Insider Buying and Selling

In other Osisko Gold Royalties news, Director Duncan Cornell Card sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of C$50.99, for a total transaction of C$254,950.00. Also, Director Everard Trenton Richards sold 15,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of C$53.85, for a total transaction of C$807,750.00. 0.38% of the stock is currently owned by corporate insiders.

Osisko Gold Royalties Company Profile

(Get Free Report)

OR Royalties is a precious metals royalty and streaming company focused on Tier-1 mining jurisdictions defined as Canada, the United States, and Australia. OR Royalties commenced activities in June 2014 with a single producing asset, and today holds a portfolio of over 195 royalties, streams and similar interests. OR Royalties’ portfolio is anchored by its cornerstone asset, the 3-5% net smelter return royalty on Agnico Eagle Mines Limited’s Canadian Malartic Complex, one of the world’s largest gold mines.

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