Osisko Gold Royalties (TSE:OR) Price Target Raised to C$28.00 at Stifel Nicolaus

Osisko Gold Royalties (TSE:OR) had its price target increased by Stifel Nicolaus from C$27.00 to C$28.00 in a report published on Friday morning, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts have also weighed in on the company. Raymond James increased their price target on Osisko Gold Royalties from C$25.00 to C$26.00 and gave the stock an outperform rating in a research note on Friday, January 12th. CIBC upped their price objective on Osisko Gold Royalties from C$28.50 to C$33.00 in a report on Monday, April 15th. National Bankshares dropped their price objective on Osisko Gold Royalties from C$25.00 to C$23.00 and set an outperform rating for the company in a report on Thursday, February 22nd. Finally, TD Securities dropped their price objective on Osisko Gold Royalties from C$25.00 to C$23.00 and set a buy rating for the company in a report on Friday, February 23rd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of C$25.72.

Osisko Gold Royalties Trading Down 0.6 %

Shares of Osisko Gold Royalties stock opened at C$22.13 on Friday. Osisko Gold Royalties has a fifty-two week low of C$15.42 and a fifty-two week high of C$24.42. The firm has a market cap of C$4.11 billion, a PE ratio of -85.12, a P/E/G ratio of 1.31 and a beta of 0.79. The business’s fifty day moving average is C$21.03 and its two-hundred day moving average is C$19.27. The company has a quick ratio of 0.98, a current ratio of 4.11 and a debt-to-equity ratio of 12.11.

Osisko Gold Royalties (TSE:OR) last issued its quarterly earnings results on Tuesday, February 20th. The company reported C$0.16 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.15 by C$0.01. Osisko Gold Royalties had a negative return on equity of 2.85% and a negative net margin of 19.55%. The company had revenue of C$65.16 million for the quarter. Analysts anticipate that Osisko Gold Royalties will post 0.5493552 earnings per share for the current year.

Osisko Gold Royalties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 15th were issued a $0.06 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.24 annualized dividend and a yield of 1.08%. Osisko Gold Royalties’s dividend payout ratio is currently -92.31%.

Insider Activity at Osisko Gold Royalties

In related news, Senior Officer André Le Bel sold 10,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of C$21.44, for a total value of C$214,400.00. In related news, Senior Officer André Le Bel sold 10,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of C$21.44, for a total value of C$214,400.00. Also, Senior Officer Iain Wesley Farmer sold 19,600 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of C$22.08, for a total value of C$432,864.04. In the last three months, insiders sold 53,184 shares of company stock worth $1,158,088. Corporate insiders own 0.57% of the company’s stock.

About Osisko Gold Royalties

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.