Osisko Gold Royalties Ltd (TSE:OR) Receives C$28.75 Average PT from Brokerages

Shares of Osisko Gold Royalties Ltd (TSE:OR) have earned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$29.13.

A number of analysts recently weighed in on OR shares. Canaccord Genuity Group upped their target price on shares of Osisko Gold Royalties from C$30.00 to C$31.00 in a research note on Tuesday, July 23rd. Raymond James dropped their price target on shares of Osisko Gold Royalties from C$27.50 to C$27.00 in a research note on Monday, August 19th. TD Securities increased their price target on shares of Osisko Gold Royalties from C$27.00 to C$31.00 in a research note on Friday, October 18th. Scotiabank increased their price target on shares of Osisko Gold Royalties from C$25.00 to C$27.00 in a research note on Monday, August 19th. Finally, National Bankshares increased their price target on shares of Osisko Gold Royalties from C$26.00 to C$28.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th.

Insider Activity

In other news, Director Everard Trenton Richards sold 15,000 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of C$22.19, for a total value of C$332,913.00. In related news, Director Duncan Cornell Card sold 10,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of C$27.03, for a total transaction of C$270,331.00. Also, Director Everard Trenton Richards sold 15,000 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of C$22.19, for a total value of C$332,913.00. Over the last ninety days, insiders sold 35,000 shares of company stock valued at $851,244. 0.38% of the stock is currently owned by company insiders.

Osisko Gold Royalties Stock Up 0.7 %

OR stock opened at C$28.80 on Friday. The company’s 50 day moving average price is C$24.92 and its 200 day moving average price is C$23.34. The company has a debt-to-equity ratio of 7.00, a quick ratio of 0.98 and a current ratio of 4.92. Osisko Gold Royalties has a fifty-two week low of C$16.32 and a fifty-two week high of C$29.30. The firm has a market capitalization of C$5.36 billion, a price-to-earnings ratio of -57.60, a PEG ratio of 1.31 and a beta of 0.90.

Osisko Gold Royalties (TSE:OR) last released its earnings results on Tuesday, August 6th. The company reported C$0.18 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.17 by C$0.01. Osisko Gold Royalties had a negative net margin of 36.86% and a negative return on equity of 5.46%. The firm had revenue of C$64.85 million for the quarter.

Osisko Gold Royalties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were issued a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Friday, September 27th. Osisko Gold Royalties’s payout ratio is currently -52.00%.

Osisko Gold Royalties Company Profile

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally. It also owns options on offtake; royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company's primary asset is a 3-5% net smelter return royalty on the Canadian Malartic complex located in Canada.