OR Stock Summary and Trading Ideas (Osisko Gold Royalties Common Shares | NYSE:OR)

Osisko Gold Royalties Ltd is engaged in the business of acquiring and managing precious metal and other high-quality royalties, streams and similar interests. The Company owns a portfolio of royalties, streams, offtakes, options on royalty/stream financings and exclusive rights to participate in future royalty/stream financings on various projects. The company organizes and manages the business under two operating segments: (i) acquiring and managing precious metals and other royalties, streams and other interests, and (ii) the exploration, evaluation and development of mining projects. Geographically, it generates majority of the income from North America and also generates some portions of income from South America, Australia, Africa and Europe.

Osisko Gold Royalties Common Shares trades on the NYSE stock market under the symbol OR.

As of May 21, 2024, OR stock price declined to $16.56 with 49,438 million shares trading.

OR has a beta of 0.82, meaning it tends to be less sensitive to market movements. OR has a correlation of 0.11 to the broad based SPY ETF.

OR has a market cap of $3.08 billion. This is considered a Mid Cap stock.

Last quarter Osisko Gold Royalties Common Shares reported $45 million in Revenue and $.12 earnings per share. This beat revenue expectation by $243,000 and exceeded earnings estimates by $.03.

In the last 3 years, OR stock traded as high as $17.96 and as low as $9.20.

The top ETF exchange traded funds that OR belongs to (by Net Assets): GDX, GDXJ, INFL, OSEA, GOAU.

OR stock has underperformed the market in the last year with a return of +2.9%, while SPY returned +28.1%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in OR shares. However, OR has outperformed the market in the last 3 month and 2 week periods, returning +17.8% and +6.0%, while SPY returned +6.9% and +2.5%, respectively. This indicates OR has been having a stronger performance recently.

OR support price is $16.46 and resistance is $17.08 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OR stock will trade within this expected range on the day.