Osisko Gold Royalties (TSE:OR) Reaches New 52-Week Low – Here’s Why

Osisko Gold Royalties Ltd (TSE:OR)’s share price reached a new 52-week low during trading on Tuesday. The stock traded as low as C$3.06 and last traded at C$45.10, with a volume of 251,938 shares traded. The stock had previously closed at C$45.90.

Wall Street Analyst Weigh In

Separately, Canadian Imperial Bank of Commerce lowered their price objective on shares of Osisko Gold Royalties from C$88.00 to C$85.00 in a research note on Thursday, July 16th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$73.33.

Osisko Gold Royalties Price Performance

The company has a debt-to-equity ratio of 14.78, a current ratio of 2.28 and a quick ratio of 0.98. The stock has a market capitalization of C$9.24 billion, a PE ratio of 32.89, a P/E/G ratio of 1.31 and a beta of 1.97. The company has a 50-day moving average of C$49.29 and a two-hundred day moving average of C$50.71.

Osisko Gold Royalties (TSE:OR) last released its quarterly earnings data on Wednesday, August 5th. The company reported C$0.46 EPS for the quarter. The company had revenue of C$138.98 million for the quarter. Osisko Gold Royalties had a return on equity of 21.84% and a net margin of 80.76%.

About Osisko Gold Royalties

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.