Brokerages Set Osisko Gold Royalties Ltd (TSE:OR) PT at C$28.75

Shares of Osisko Gold Royalties Ltd (TSE:OR) have earned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$29.13.

Several equities analysts have recently weighed in on the stock. Scotiabank lifted their target price on shares of Osisko Gold Royalties from C$25.00 to C$27.00 in a report on Monday, August 19th. National Bankshares lifted their target price on shares of Osisko Gold Royalties from C$26.00 to C$28.00 and gave the company an “outperform” rating in a report on Wednesday, July 17th. CIBC lifted their target price on shares of Osisko Gold Royalties from C$33.00 to C$34.00 in a report on Wednesday, July 10th. Stifel Nicolaus lifted their target price on shares of Osisko Gold Royalties from C$29.00 to C$31.00 in a report on Monday, October 21st. Finally, Jefferies Financial Group raised shares of Osisko Gold Royalties from a “hold” rating to a “buy” rating in a report on Friday, July 12th.

Osisko Gold Royalties Stock Up 0.7 %

OR stock opened at C$28.80 on Friday. The firm has a 50 day moving average of C$24.92 and a 200 day moving average of C$23.34. The stock has a market capitalization of C$5.36 billion, a PE ratio of -57.60, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90. The company has a quick ratio of 0.98, a current ratio of 4.92 and a debt-to-equity ratio of 7.00. Osisko Gold Royalties has a 52 week low of C$16.32 and a 52 week high of C$29.30.

Osisko Gold Royalties (TSE:OR) last posted its quarterly earnings results on Tuesday, August 6th. The company reported C$0.18 earnings per share (EPS) 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 company had revenue of C$64.85 million during the quarter.

Osisko Gold Royalties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were paid a dividend of $0.065 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.26 annualized dividend and a yield of 0.90%. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently -52.00%.

Insider Activity

In other news, Director Everard Trenton Richards sold 15,000 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of C$22.19, for a total transaction of C$332,913.00. In other Osisko Gold Royalties news, Director Everard Trenton Richards sold 15,000 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of C$22.19, for a total value of C$332,913.00. Also, Director Duncan Cornell Card sold 10,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of C$27.03, for a total transaction of C$270,331.00. In the last quarter, insiders have sold 35,000 shares of company stock valued at $851,244. 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.