In yesterday’s Wall Street session, Osisko Gold Royalties Ltd (NYSE:OR) shares traded at $13.16, down -1.42% from the previous session.
As we calculate the median target price by taking the range between a high of $22.38 and a low of $16.00, we find $19.58. Given the previous closing price of $13.35, this indicates a potential upside of 46.67 percent. OR stock price is now -7.97% away from the 50-day moving average and -7.89% away from the 200-day moving average. The market capitalization of the company currently stands at $3.34B.
Brokers who have rated the stock have averaged $19.15 as their price target over the next twelve months.
A total of 0.58% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in OR stock. A new stake in Osisko Gold Royalties Ltd shares was purchased by JESSUP WEALTH MANAGEMENT, INC during the first quarter worth $4,280,000. MONTRUSCO BOLTON INVESTMENTS INC. invested $3,344,000 in shares of OR during the first quarter. In the first quarter, BESSEMER GROUP INC acquired a new stake in Osisko Gold Royalties Ltd valued at approximately $2,745,000. QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in OR for approximately $2,493,000. TRIASIMA PORTFOLIO MANAGEMENT INC. purchased a new stake in OR valued at around $1,949,000 in the second quarter. In total, there are 266 active investors with 66.56% ownership of the company’s stock.
Friday morning saw Osisko Gold Royalties Ltd (NYSE: OR) opened at $13.54. During the past 12 months, Osisko Gold Royalties Ltd has had a low of $9.19 and a high of $17.96. The fifty day moving average price for OR is $14.26 and a two-hundred day moving average price translates $14.29 for the stock.
The latest earnings results from Osisko Gold Royalties Ltd (NYSE: OR) was released for Jun, 2023. The net profit margin was -41.30% and return on equity was -5.60% for OR. The company reported revenue of $45.0 million for the quarter, compared to $50.09 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.15 percent. For the current quarter, analysts expect OR to generate $45.47M in revenue.
Osisko Gold Royalties Ltd(OR) 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 5% net smelter return royalty on the Canadian Malartic mine located in Canada. In addition, it is involved in the exploration, evaluation, and development of mining projects. It primarily explores for precious metals, including gold, silver, diamond, and others. The company was founded in 2014 and is based in Montreal, Canada.
