The stock of Osisko gold royalties Ltd (TSE:OR) gapped down by $0.03 today and has $12.91 target or 5.00% below today’s $13.59 share price. The 9 months technical chart setup indicates high risk for the $1.43 billion company. The gap down was reported on Nov, 7 by Barchart.com. If the $12.91 price target is reached, the company will be worth $71.50M less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. About 206,923 shares traded hands. Osisko gold royalties Ltd (TSE:OR) has declined 0.29% since April 5, 2016 and is downtrending. It has underperformed by 2.24% 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. RBC Capital Markets maintained Osisko gold royalties Ltd (TSE:OR) rating on Monday, August 24. RBC Capital Markets has “Outperform” rating and $18 price target. As per Monday, September 14, the company rating was initiated by BMO Capital Markets. The stock of Osisko gold royalties Ltd (TSE:OR) earned “Outperform” rating by RBC Capital Markets on Tuesday, October 20. The stock has “Outperform” rating given by National Bank Canada on Friday, November 6. As per Friday, July 24, the company rating was maintained by RBC Capital Markets. GMP Securities maintained the shares of OR in a report on Wednesday, October 14 with “Buy” rating.
More important 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 Marketwatch.com published article titled: “Osisko Gold Royalties Ltd.”, Quotes.Wsj.com published: “News Osisko Gold Royalties Ltd.OR” on February 14, 2011. More interesting news about Osisko gold royalties Ltd (TSE:OR) was released by: Nasdaq.com and their article: “Osisko Gold Royalties Ltd (OR) Ex-Dividend Date Scheduled for September 28, 2016” with publication date: September 27, 2016.
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 $1.43 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 45.31 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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