Osisko Gold Royalties (TSE:OR) had its target price reduced by stock analysts at Scotiabank to C$18.50 in a research note issued to investors on Monday, May 7th. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price target indicates a potential upside of 43.63% from the stock’s previous close.
A number of other equities analysts have also weighed in on the stock. National Bank Financial dropped their target price on shares of Osisko Gold Royalties from C$16.50 to C$16.00 and set an “outperform” rating for the company in a research report on Friday, May 4th. Canaccord Genuity dropped their target price on shares of Osisko Gold Royalties from C$22.00 to C$20.00 in a research report on Friday, May 4th. Royal Bank of Canada dropped their target price on shares of Osisko Gold Royalties from C$19.00 to C$18.00 and set an “outperform” rating for the company in a research report on Thursday, March 15th. Eight Capital upped their target price on shares of Osisko Gold Royalties from C$15.25 to C$15.50 in a research report on Friday, March 9th. Finally, TD Securities upgraded shares of Osisko Gold Royalties from a “hold” rating to a “buy” rating and dropped their target price for the stock from C$17.50 to C$16.50 in a research report on Wednesday, February 21st. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of C$17.28.
Osisko Gold Royalties opened at C$12.88 on Monday, according to Marketbeat.com. Osisko Gold Royalties has a 1-year low of C$11.90 and a 1-year high of C$17.58.
Osisko Gold Royalties (TSE:OR) last posted its quarterly earnings results on Thursday, May 3rd. The company reported C$0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.04 by C$0.02. The business had revenue of C$125.61 million during the quarter. Osisko Gold Royalties had a negative net margin of 58.74% and a negative return on equity of 13.50%.
In other Osisko Gold Royalties news, insider Elif Lévesque purchased 4,045 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were bought at an average price of C$12.35 per share, with a total value of C$49,955.75. Also, Director Sean Roosen purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were acquired at an average cost of C$12.36 per share, for a total transaction of C$61,800.00. In the last ninety days, insiders have purchased 15,445 shares of company stock worth $192,606.
About Osisko Gold Royalties
Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and similar interests in Canada and internationally. Its assets include the 5% net smelter return (NSR) royalty on the Canadian Malartic mine; the 2.0% to 3.5% NSR royalty on the Eleonore mine; a 9.6% diamond stream on the Renard diamond mine; a 4% gold and silver stream on the Brucejack gold and silver mine; and a silver stream on the Gibraltar mine, all located in Canada.
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