Osisko Gold Royalties (TSE:OR) Price Target Raised to C$38.00

Osisko Gold Royalties (TSE:OR) had its price target raised by Stifel Nicolaus from C$33.00 to C$38.00 in a research note released on Monday,BayStreet.CA reports.

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

Osisko Gold Royalties Price Performance

Shares of TSE OR opened at C$32.54 on Monday. The firm has a market capitalization of C$6.08 billion, a PE ratio of -110.55, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90. Osisko Gold Royalties has a fifty-two week low of C$20.67 and a fifty-two week high of C$33.48. The company has a debt-to-equity ratio of 5.29, a quick ratio of 0.98 and a current ratio of 4.40. The stock’s 50-day simple moving average is C$28.67 and its 200-day simple moving average is C$27.62.

Osisko Gold Royalties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 0.80%. Osisko Gold Royalties’s dividend payout ratio is presently -88.33%.

Insider Activity

In related news, Director Michael David Saynor Spencer sold 4,992 shares of the 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. Also, Senior Officer Guy Desharnais sold 5,000 shares of Osisko Gold Royalties stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of C$26.40, for a total value of C$132,006.00. Over the last three months, insiders sold 64,058 shares of company stock valued at $1,898,479. Insiders own 0.38% of the company’s stock.

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.