Eight Capital Raises Osisko gold royalties (OR) Price Target to C$15.50

Osisko gold royalties (TSE:OR) had its price objective increased by analysts at Eight Capital from C$15.25 to C$15.50 in a report released on Friday, March 9th. Eight Capital’s price target would indicate a potential upside of 21.86% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Canaccord Genuity increased their target price on Osisko gold royalties from C$22.00 to C$22.50 in a research report on Friday, January 19th. BMO Capital Markets decreased their price objective on Osisko gold royalties from C$17.00 to C$16.00 in a report on Tuesday, January 23rd. National Bank Financial raised their price objective on Osisko gold royalties from C$19.00 to C$19.25 and gave the company an “outperform” rating in a report on Thursday, November 9th. Scotiabank cut their target price on Osisko gold royalties from C$19.00 to C$18.50 and set an “outperform” rating for the company in a research note on Wednesday, February 21st. Finally, TD Securities raised Osisko gold royalties from a “hold” rating to a “buy” rating and cut their target price for the stock from C$17.50 to C$16.50 in a research note 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’s stock. The company has an average rating of “Buy” and a consensus price target of C$17.61.

Osisko gold royalties stock traded up C$0.28 during trading hours on Friday, reaching C$12.72. The stock had a trading volume of 205,062 shares, compared to its average volume of 478,733. Osisko gold royalties has a 52 week low of C$12.00 and a 52 week high of C$17.58.

Osisko gold royalties (TSE:OR) last posted its quarterly earnings data on Tuesday, February 20th. The company reported C$0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.04 by C($0.03). Osisko gold royalties had a negative net margin of 58.74% and a negative return on equity of 13.50%. The company had revenue of C$32.20 million for the quarter, compared to analyst estimates of C$26.00 million.

In related news, insider Elif Lévesque bought 4,045 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were acquired at an average price of C$12.35 per share, with a total value of C$49,955.75. Also, Director Sean Roosen bought 5,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was bought 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 acquired 10,445 shares of company stock worth $129,306.

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About Osisko gold royalties

Osisko Gold Royalties Ltd (Osisko) is a Canada-based company engaged in the business of acquiring and managing precious metal and other interests in Canada and across the world. The Company’s assets include the Canadian Malartic mine, located in Malartic, Quebec and Eleonore mine, located in the James Bay area in Quebec.

Analyst Recommendations for Osisko gold royalties (TSE:OR)

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