Osisko Gold Royalties (TSE:OR) Stock Passes Above 50-Day Moving Average – What’s Next?

Osisko Gold Royalties Ltd (TSE:OR)’s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$46.22 and traded as high as C$50.50. Osisko Gold Royalties shares last traded at C$49.55, with a volume of 506,630 shares trading hands.

Analysts Set New Price Targets

Separately, Canadian Imperial Bank of Commerce cut their target price on shares of Osisko Gold Royalties from C$88.00 to C$85.00 in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$63.20.

Osisko Gold Royalties Stock Down 0.7%

The company has a market capitalization of C$9.63 billion, a P/E ratio of 34.28, a price-to-earnings-growth ratio of 1.31 and a beta of 1.93. The company has a 50-day moving average of C$46.41 and a two-hundred day moving average of C$49.53. The company has a quick ratio of 0.98, a current ratio of 2.28 and a debt-to-equity ratio of 14.78.

Osisko Gold Royalties (TSE:OR) last announced its earnings results on Wednesday, August 5th. The company reported C$0.46 EPS for the quarter. The firm had revenue of C$138.98 million for the quarter. Osisko Gold Royalties had a net margin of 80.76% and a return on equity of 21.84%.

Osisko Gold Royalties Company Profile

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.