After Today’s Gap Up, Is Osisko gold royalties Ltd’s Near-Term Analysis Positive

 After Today's Gap Up, Is Osisko gold royalties Ltd's Near Term Analysis Positive

The stock of Osisko gold royalties Ltd (TSE:OR) gapped up by $0.08 today and has $22.60 target or 55.00% above today’s $14.58 share price. The 5 months technical chart setup indicates low risk for the $1.56B company. The gap was reported on Nov, 1 by Barchart.com. If the $22.60 price target is reached, the company will be worth $858.00M more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 337,830 shares traded hands. Osisko gold royalties Ltd (TSE:OR) has risen 3.22% since March 30, 2016 and is uptrending. It has outperformed by 0.20% the S&P500.

Osisko gold royalties Ltd (TSE:OR) Ratings Coverage

Out of 6 analysts covering Osisko Gold Royalties (TSE:OR), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. Osisko Gold Royalties has been the topic of 10 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 firm has “Market Perform” rating by BMO Capital Markets given on Monday, September 14. The company was maintained on Friday, July 24 by RBC Capital Markets. The company was maintained on Monday, August 24 by RBC Capital Markets. The firm has “Buy” rating by GMP Securities given on Wednesday, October 14. The stock of Osisko gold royalties Ltd (TSE:OR) has “Outperform” rating given on Friday, November 6 by National Bank Canada.

More news for Osisko gold royalties Ltd (TSE:OR) were recently published by: Marketwatch.com, which released: “Osisko Gold Royalties Ltd.: Early Warning Report” on February 04, 2016. Nasdaq.com‘s article titled: “Osisko Gold Royalties Ltd (OR) Ex-Dividend Date Scheduled for September 28, 2016” and published on September 27, 2016 is yet another important article.

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 $1.56 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 48.61 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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