Osisko Gold Royalties Ltd (TSE:OR – Get Free Report)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$44.45 and traded as high as C$52.38. Osisko Gold Royalties shares last traded at C$51.92, with a volume of 884,193 shares trading hands.
Analysts Set New Price Targets
Separately, Canadian Imperial Bank of Commerce cut their price target on shares of Osisko Gold Royalties from C$88.00 to C$85.00 in a report on Thursday, July 16th. One research 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$63.20.
Osisko Gold Royalties Stock Performance
Osisko Gold Royalties (TSE:OR – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported C$0.46 EPS for the quarter. Osisko Gold Royalties had a return on equity of 21.84% and a net margin of 80.76%.The business had revenue of C$138.98 million for the quarter.
Insider Activity
In other news, Director Duncan Cornell Card sold 5,000 shares of Osisko Gold Royalties stock in a transaction dated Monday, June 15th. The stock was sold at an average price of C$50.99, for a total value of C$254,950.00. Company insiders own 0.38% of the company’s stock.
About Osisko Gold Royalties
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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