Osisko Gold Royalties (TSE:OR) PT Raised to C$25.00

Osisko Gold Royalties (TSE:OR) had its price objective boosted by Scotiabank from C$24.00 to C$25.00 in a research note issued to investors on Thursday, BayStreet.CA reports.

Other research analysts also recently issued reports about the stock. Canaccord Genuity Group boosted their price objective on shares of Osisko Gold Royalties from C$28.00 to C$30.00 in a research report on Tuesday, April 23rd. National Bankshares boosted their price objective on shares of Osisko Gold Royalties from C$26.00 to C$28.00 and gave the company an outperform rating in a research report on Wednesday, July 17th. CIBC boosted their price objective on shares of Osisko Gold Royalties from C$33.00 to C$34.00 in a research report on Wednesday, July 10th. Jefferies Financial Group raised shares of Osisko Gold Royalties from a hold rating to a buy rating in a research report on Friday, July 12th. Finally, Stifel Nicolaus boosted their price objective on shares of Osisko Gold Royalties from C$27.00 to C$28.00 and gave the company a buy rating in a research report on Friday, April 19th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Osisko Gold Royalties presently has a consensus rating of Moderate Buy and an average price target of C$27.50.

Osisko Gold Royalties Stock Performance

Osisko Gold Royalties stock opened at C$24.81 on Thursday. The firm’s 50 day simple moving average is C$22.54 and its 200-day simple moving average is C$21.30. The company has a market cap of C$4.61 billion, a P/E ratio of -85.55, a price-to-earnings-growth ratio of 1.31 and a beta of 0.82. The company has a debt-to-equity ratio of 9.52, a current ratio of 4.95 and a quick ratio of 0.98. Osisko Gold Royalties has a fifty-two week low of C$15.42 and a fifty-two week high of C$25.19.

Osisko Gold Royalties (TSE:OR) last announced its quarterly earnings data on Wednesday, May 8th. The company reported C$0.16 EPS for the quarter, beating analysts’ consensus estimates of C$0.15 by C$0.01. Osisko Gold Royalties had a negative net margin of 21.78% and a negative return on equity of 3.15%. The firm had revenue of C$60.75 million for the quarter. As a group, equities research analysts predict that Osisko Gold Royalties will post 0.6398844 EPS for the current year.

Osisko Gold Royalties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a $0.065 dividend. The ex-dividend date was Friday, June 28th. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.06. This represents a $0.26 dividend on an annualized basis and a yield of 1.05%. Osisko Gold Royalties’s payout ratio is -82.76%.

Insider Buying and Selling at Osisko Gold Royalties

In other news, Director Victor Bradley sold 5,000 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of C$23.19, for a total value of C$115,950.00. In other news, Senior Officer Frédéric Ruel sold 33,700 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of C$22.20, for a total value of C$748,140.00. Also, Director Victor Bradley sold 5,000 shares of the business’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of C$23.19, for a total transaction of C$115,950.00. Insiders sold 48,700 shares of company stock worth $1,087,670 over the last ninety days. 0.38% of the stock is currently owned by insiders.

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.