Canaccord Genuity Group Boosts Osisko Gold Royalties (TSE:OR) Price Target to C$30.00

Osisko Gold Royalties (TSE:OR) had its price objective raised by Canaccord Genuity Group from C$28.00 to C$30.00 in a research report released on Tuesday morning, BayStreet.CA reports.

Several other research analysts also recently issued reports on OR. Raymond James upped their target price on shares of Osisko Gold Royalties from C$26.00 to C$28.00 in a research note on Tuesday. CIBC upped their target price on shares of Osisko Gold Royalties from C$28.50 to C$33.00 in a research note on Monday, April 15th. Stifel Nicolaus upped their target price on shares of Osisko Gold Royalties from C$27.00 to C$28.00 and gave the stock a buy rating in a research note on Friday, April 19th. National Bankshares dropped their target price on shares of Osisko Gold Royalties from C$25.00 to C$23.00 and set an outperform rating on the stock in a research note on Thursday, February 22nd. Finally, TD Securities dropped their target price on shares of Osisko Gold Royalties from C$25.00 to C$23.00 and set a buy rating on the stock in a research note on Friday, February 23rd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and an average target price of C$26.56.

Osisko Gold Royalties Price Performance

Shares of OR opened at C$21.78 on Tuesday. The stock has a market cap of C$4.04 billion, a PE ratio of -83.77, a price-to-earnings-growth ratio of 1.31 and a beta of 0.79. The company has a debt-to-equity ratio of 12.11, a quick ratio of 0.98 and a current ratio of 4.11. 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’s 50-day simple moving average is C$21.20 and its two-hundred day simple moving average is C$19.43.

Osisko Gold Royalties (TSE:OR) last announced its quarterly earnings data 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. The business had revenue of C$65.16 million for the quarter. Osisko Gold Royalties had a negative net margin of 19.55% and a negative return on equity of 2.85%. Analysts anticipate that Osisko Gold Royalties will post 0.5493552 earnings per share for the current fiscal year.

Osisko Gold Royalties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 15th were given a dividend of $0.06 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.24 dividend on an annualized basis and a yield of 1.10%. Osisko Gold Royalties’s dividend payout ratio (DPR) is -92.31%.

Insider Activity at Osisko Gold Royalties

In other Osisko Gold Royalties news, Director David Smith bought 10,000 shares of Osisko Gold Royalties stock in a transaction on Monday, February 26th. The stock was acquired at an average cost of C$18.98 per share, with a total value of C$189,800.00. In other Osisko Gold Royalties news, Director David Smith bought 10,000 shares of Osisko Gold Royalties stock in a transaction on Monday, February 26th. The stock was acquired at an average cost of C$18.98 per share, with a total value of C$189,800.00. Also, Senior Officer Frédéric Ruel sold 16,100 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of C$21.92, for a total transaction of C$352,912.00. Insiders have sold a total of 53,184 shares of company stock worth $1,158,088 over the last quarter. Company 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.