Key Points
- Insider purchase: Iain Wesley Farmer bought 400 Osisko Gold Royalties shares at C$51.20 each, investing C$20,480 and increasing his holdings by 0.95% to 42,357 shares.
- Financial performance: The company reported quarterly revenue of C$138.98 million and earnings of C$0.46 per share, with an 80.76% net margin and 21.84% return on equity.
- Analyst outlook: Analysts maintain a “Moderate Buy” consensus with a C$63.20 target price, despite CIBC lowering its target from C$88.00 to C$85.00.
Osisko Gold Royalties Ltd (TSE:OR - Get Free Report) insider Iain Wesley Farmer purchased 400 shares of the stock in a transaction on Thursday, September 17th. The shares were acquired at an average cost of C$51.20 per share, for a total transaction of C$20,480.00. Following the transaction, the insider owned 42,357 shares of the company's stock, valued at approximately C$2,168,678.40. The trade was a 0.95% increase in their ownership of the stock.
Osisko Gold Royalties Stock Performance
OR opened at C$51.76 on Friday. Osisko Gold Royalties Ltd has a 12-month low of C$38.58 and a 12-month high of C$65.54. The stock has a market cap of C$9.69 billion, a price-to-earnings ratio of 34.51, a PEG ratio of 1.31 and a beta of 1.93. The business has a 50 day moving average of C$46.41 and a 200-day moving average of C$49.53. The company has a quick ratio of 0.98, a current ratio of 2.28 and a debt-to-equity ratio of 14.78.
Osisko Gold Royalties (TSE:OR - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported C$0.46 earnings per share for the quarter. Osisko Gold Royalties had a return on equity of 21.84% and a net margin of 80.76%.The business had revenue of C$138.98 million for the quarter.
Wall Street Analyst Weigh In
Separately, Canadian Imperial Bank of Commerce dropped their price objective on shares of Osisko Gold Royalties from C$88.00 to C$85.00 in a research report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$63.20.
Read Our Latest Stock Report on Osisko Gold Royalties
Osisko Gold Royalties Company Profile
(
Get Free Report)
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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