Osisko Gold Royalties (TSE:OR) Sets New 12-Month High – Here’s Why

Osisko Gold Royalties Ltd (TSE:OR)’s share price hit a new 52-week high on Wednesday . The company traded as high as C$29.57 and last traded at C$29.46, with a volume of 102709 shares trading hands. The stock had previously closed at C$28.25.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on OR shares. BMO Capital Markets raised their price objective on shares of Osisko Gold Royalties from C$27.00 to C$28.00 in a report on Thursday, November 7th. Stifel Nicolaus raised their price target on shares of Osisko Gold Royalties from C$29.00 to C$31.00 in a research note on Monday, October 21st. National Bankshares reduced their price objective on shares of Osisko Gold Royalties from C$35.00 to C$34.00 and set an “outperform” rating on the stock in a research note on Tuesday. CIBC raised their target price on Osisko Gold Royalties from C$36.00 to C$39.00 in a research report on Monday, December 2nd. Finally, TD Securities downgraded Osisko Gold Royalties from a “buy” rating to a “hold” rating in a report on Monday, November 11th.

Osisko Gold Royalties Trading Up 3.3 %

The company has a debt-to-equity ratio of 7.00, a current ratio of 4.92 and a quick ratio of 0.98. The firm’s fifty day moving average is C$27.04 and its two-hundred day moving average is C$25.91. The firm has a market capitalization of C$5.43 billion, a PE ratio of -58.34, a PEG ratio of 1.31 and a beta of 0.90.

Osisko Gold Royalties Company Profile

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally. It also owns options on offtake; royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company's primary asset is a 3-5% net smelter return royalty on the Canadian Malartic complex located in Canada.