On Monday, Osisko Gold Royalties stock received an upgrade to its Relative Strength (RS) Rating, from 69 to 74.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating of above 80 in the early stages of their moves. See if Osisko Gold Royalties stock can continue to rebound and clear that threshold.
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Is Osisko Gold Royalties Stock A Buy?
Osisko Gold Royalties stock is still within a buying range after climbing above a 16.50 buy point in a cup with handle. The proper buying range is up to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity..
The Canadian precious metal company posted -16% earnings growth in the latest quarterly report, while sales growth came in at 5%.
Osisko Gold Royalties stock holds the No. 18 rank among its peers in the Mining-Gold/Silver/Gems industry group. Agnico-Eagle Mines, Alamos Gold and Eldorado Gold are among the top 5 highly rated stocks within the group.
