Osisko Gold Royalties Ltd (TSE:OR – Get Free Report)’s share price passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of C$49.29 and traded as high as C$50.00. Osisko Gold Royalties shares last traded at C$49.34, with a volume of 417,646 shares trading hands.
Analysts Set New Price Targets
Separately, Canadian Imperial Bank of Commerce reduced their target price on Osisko Gold Royalties from C$88.00 to C$85.00 in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Osisko Gold Royalties has an average rating of “Moderate Buy” and an average target price of C$73.33.
Osisko Gold Royalties Trading Up 3.7%
The firm has a 50-day moving average of C$49.24 and a 200 day moving average of C$50.66. The company has a market cap of C$9.59 billion, a P/E ratio of 34.13, a price-to-earnings-growth ratio of 1.31 and a beta of 1.97. The company has a current ratio of 2.28, a quick ratio of 0.98 and a debt-to-equity ratio of 14.78.
Osisko Gold Royalties (TSE:OR – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported C$0.46 earnings per share (EPS) for the quarter. The firm had revenue of C$138.98 million for the quarter. Osisko Gold Royalties had a return on equity of 21.84% and a net margin of 80.76%.
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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