What’s Propelling Osisko gold royalties Ltd to Decline So Much?


 What's Propelling Osisko gold royalties Ltd to Decline So Much?

The stock of Osisko gold royalties Ltd (TSE:OR) is a huge mover today! About 172,094 shares traded hands. Osisko gold royalties Ltd (TSE:OR) has declined 2.88% since March 15, 2016 and is downtrending. It has underperformed by 8.36% the S&P500.
The move comes after 8 months negative chart setup for the $1.48 billion company. It was reported on Oct, 18 by Barchart.com. We have $12.87 PT which if reached, will make TSE:OR worth $74.00M less.

Osisko gold royalties Ltd (TSE:OR) Ratings Coverage

Out of 5 analysts covering Osisko Gold Royalties (TSE:OR), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. $19 is the highest target while $17.50 is the lowest. The $18.13 average target is 33.80% above today’s ($13.55) stock price. Osisko Gold Royalties has been the topic of 8 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, October 20. The rating was maintained by RBC Capital Markets on Monday, August 24 with “Outperform”. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, July 24 report. BMO Capital Markets initiated the stock with “Market Perform” rating in Monday, September 14 report. National Bank Canada maintained the shares of OR in a report on Friday, November 6 with “Outperform” rating. The stock of Osisko gold royalties Ltd (TSE:OR) has “Buy” rating given on Wednesday, October 14 by GMP Securities.

More recent Osisko gold royalties Ltd (TSE:OR) news were published by: Marketwatch.com which released: “Osisko Gold Royalties Ltd.: Early Warning Report” on February 04, 2016. Also Juniorminingnetwork.com published the news titled: “Osisko Gold Royalties Announces TSX Approval for Normal Course Issuer Bid” on October 17, 2016. Quotes.Wsj.com‘s news article titled: “News Osisko Gold Royalties Ltd.OR” with publication date: February 14, 2011 was also an interesting one.

Osisko Gold Royalties Ltd is a Canada firm engaged in the business of acquiring and managing precious metal and other interests in Canada and across the world. The company has a market cap of $1.48 billion. The Company’s assets include the Canadian Malartic mine, located in Malartic, Quebec and Eleonore mine, located in the James Bay area in Quebec. It has a 45.18 P/E ratio. It invests in equities of exploration and royalty companies, as well as holds interest in exploration and evaluation projects in over four prolific gold camps: the Abitibi Gold Belt, the James Bay area, the Cariboo mining district and the Guerrero Gold Belt in Mexico.

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