Osisko Gold Royalties (TSE:OR) Price Target Raised to C$25.00

Osisko Gold Royalties (TSE:OR – Get Rating) had its price objective boosted by equities researchers at Scotiabank from C$24.00 to C$25.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. Scotiabank’s target price would suggest a potential upside of 76.30% from the stock’s current price.
Several other equities analysts have also recently issued reports on OR. TD Securities lifted their price target on Osisko Gold Royalties from C$21.00 to C$23.00 and gave the company a “buy” rating in a research report on Tuesday, April 5th. National Bankshares lifted their target price on Osisko Gold Royalties from C$20.00 to C$22.00 in a report on Wednesday, April 20th. Eight Capital lifted their target price on Osisko Gold Royalties from C$24.00 to C$25.00 and gave the stock a “buy” rating in a report on Thursday, April 21st. Canaccord Genuity Group lifted their target price on Osisko Gold Royalties from C$25.00 to C$26.00 in a report on Friday, April 22nd. Finally, BMO Capital Markets decreased their target price on Osisko Gold Royalties from C$19.00 to C$18.00 in a report on Monday, April 18th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$22.78.
Osisko Gold Royalties stock traded down C$0.11 during mid-day trading on Tuesday, hitting C$14.18. 174,439 shares of the company’s stock traded hands, compared to its average volume of 478,923. The firm has a 50 day moving average price of C$15.58 and a 200 day moving average price of C$15.57. The company has a quick ratio of 0.83, a current ratio of 1.25 and a debt-to-equity ratio of 19.86. The company has a market cap of C$2.62 billion and a PE ratio of -70.60. Osisko Gold Royalties has a one year low of C$13.30 and a one year high of C$18.59.
Osisko Gold Royalties (TSE:OR – Get Rating) last announced its earnings results on Thursday, May 12th. The company reported C$0.01 earnings per share for the quarter, missing the consensus estimate of C$0.11 by C($0.10). The business had revenue of C$59.40 million during the quarter. On average, analysts expect that Osisko Gold Royalties will post 0.5514915 earnings per share for the current fiscal year.
About Osisko Gold Royalties (Get Rating)
Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and offtake and other interests in Canada and internationally. It also owns options on royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company’s primary asset is a 5% net smelter return royalty on the Canadian Malartic mine located in Canada.
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