Osisko Gold Royalties (TSE:OR) Sets New 12-Month High on Analyst Upgrade

Shares of Osisko Gold Royalties Ltd (TSE:OR) reached a new 52-week high on Tuesday after Stifel Nicolaus raised their price target on the stock from C$33.00 to C$38.00. The company traded as high as C$33.48 and last traded at C$32.54, with a volume of 156637 shares changing hands. The stock had previously closed at C$32.31.

A number of other equities analysts have also recently commented on OR. National Bankshares lifted their price objective on shares of Osisko Gold Royalties from C$34.00 to C$35.50 and gave the stock an “outperform” rating in a research note on Wednesday, April 2nd. Scotiabank raised shares of Osisko Gold Royalties from a “hold” rating to a “strong-buy” rating in a report on Monday, April 14th. Finally, TD Securities boosted their price objective on Osisko Gold Royalties from C$30.00 to C$35.00 in a research note on Tuesday, April 15th.

Insider Buying and Selling

In other news, Senior Officer Iain Wesley Farmer sold 26,100 shares of the company’s stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of C$32.92, for a total value of C$859,219.83. Also, Director Michael David Saynor Spencer sold 4,992 shares of Osisko Gold Royalties stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of C$32.79, for a total transaction of C$163,687.68. In the last ninety days, insiders sold 64,058 shares of company stock valued at $1,898,479. Company insiders own 0.38% of the company’s stock.

Osisko Gold Royalties Trading Down 2.2 %

The stock’s 50-day moving average price is C$28.73 and its 200 day moving average price is C$27.67. The company has a debt-to-equity ratio of 5.29, a current ratio of 4.40 and a quick ratio of 0.98. The firm has a market capitalization of C$5.94 billion, a PE ratio of -108.10, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90.

Osisko Gold Royalties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 0.82%. Osisko Gold Royalties’s payout ratio is currently -88.33%.

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.