CIBC Forecasts Strong Price Appreciation for Osisko Gold Royalties (TSE:OR) Stock

Osisko Gold Royalties (TSE:OR) had its price target lifted by equities research analysts at CIBC from C$36.00 to C$39.00 in a report released on Monday,BayStreet.CA reports. CIBC’s price target suggests a potential upside of 43.75% from the stock’s previous close.

A number of other research analysts have also recently commented on the company. Scotiabank upped their target price on Osisko Gold Royalties from C$25.00 to C$27.00 in a research note on Monday, August 19th. Raymond James decreased their target price on Osisko Gold Royalties from C$27.50 to C$27.00 in a research report on Monday, August 19th. BMO Capital Markets upped their price target on shares of Osisko Gold Royalties from C$27.00 to C$28.00 in a report on Thursday, November 7th. Stifel Nicolaus lifted their price objective on shares of Osisko Gold Royalties from C$29.00 to C$31.00 in a report on Monday, October 21st. Finally, TD Securities downgraded shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Osisko Gold Royalties has an average rating of “Moderate Buy” and an average price target of C$30.25.

Osisko Gold Royalties Stock Up 0.9 %

Shares of OR opened at C$27.13 on Monday. The business’s 50 day simple moving average is C$26.86 and its 200-day simple moving average is C$24.27. Osisko Gold Royalties has a 1 year low of C$17.41 and a 1 year high of C$29.57. The stock has a market capitalization of C$5.05 billion, a price-to-earnings ratio of -54.26, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90. The company has a debt-to-equity ratio of 7.00, a current ratio of 4.92 and a quick ratio of 0.98.

Insider Buying and Selling

In related news, Director Duncan Cornell Card sold 10,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of C$27.03, for a total transaction of C$270,331.00. 0.38% of the stock is currently owned by insiders.

About Osisko Gold Royalties

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.