Canadian Imperial Bank of Commerce Cuts Osisko Gold Royalties (TSE:OR) Price Target to C$85.00

Osisko Gold Royalties (TSE:OR) had its price objective reduced by Canadian Imperial Bank of Commerce from C$88.00 to C$85.00 in a research report sent to investors on Thursday,BayStreet.CA reports.

Separately, Stifel Nicolaus upped 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 research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Osisko Gold Royalties has an average rating of “Moderate Buy” and a consensus target price of C$63.20.

Osisko Gold Royalties Price Performance

Shares of OR opened at C$39.65 on Thursday. The firm has a market cap of C$7.43 billion, a PE ratio of 29.59, a price-to-earnings-growth ratio of 1.31 and a beta of 1.85. Osisko Gold Royalties has a 52-week low of C$37.10 and a 52-week high of C$65.54. The business’s 50 day moving average price is C$47.14 and its two-hundred day moving average price is C$52.56. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.98 and a current ratio of 4.11.

Osisko Gold Royalties (TSE:OR) last announced its quarterly earnings data on Wednesday, May 6th. The company reported C$0.56 EPS for the quarter. Osisko Gold Royalties had a net margin of 82.42% and a return on equity of 19.91%. The company had revenue of C$142.97 million during the quarter.

Insider Buying and Selling

In related news, Director Duncan Cornell Card sold 5,000 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was 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 Osisko Gold Royalties stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of C$53.85, for a total value of C$807,750.00. 0.38% of the stock is owned by insiders.

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.