Osisko Gold Royalties (TSE:OR) Price Target Increased to C$31.00 by Analysts at TD Securities

Osisko Gold Royalties (TSE:OR) had its target price lifted by TD Securities from C$27.00 to C$31.00 in a research report report published on Friday morning, BayStreet.CA reports.

Other equities research analysts have also recently issued reports about the stock. Scotiabank upped their target price on shares of Osisko Gold Royalties from C$25.00 to C$27.00 in a report on Monday, August 19th. Canaccord Genuity Group increased their price objective on Osisko Gold Royalties from C$30.00 to C$31.00 in a research report on Tuesday, July 23rd. National Bankshares lifted their target price on Osisko Gold Royalties from C$26.00 to C$28.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. Raymond James cut their price target on Osisko Gold Royalties from C$27.50 to C$27.00 in a research note on Monday, August 19th. Finally, Jefferies Financial Group raised shares of Osisko Gold Royalties from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$28.75.

Osisko Gold Royalties Trading Up 3.0 %

OR opened at C$28.49 on Friday. 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$28.75. The business’s 50 day moving average is C$24.29 and its two-hundred day moving average is C$23.10. The firm has a market cap of C$5.31 billion, a price-to-earnings ratio of -56.98, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90.

Osisko Gold Royalties (TSE:OR) last announced its earnings results on Tuesday, August 6th. The company reported C$0.18 EPS for the quarter, beating 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 business had revenue of C$64.85 million for 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 issued a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Friday, September 27th. Osisko Gold Royalties’s dividend payout ratio (DPR) is currently -52.00%.

Insiders Place Their Bets

In other news, Director Everard Trenton Richards sold 15,000 shares of the 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. In other news, Director Everard Trenton Richards sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of C$22.19, for a total transaction of C$332,913.00. Also, Senior Officer André Le Bel sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of C$24.80, for a total value of C$248,000.00. In the last ninety days, insiders have sold 35,000 shares of company stock worth $851,244. Corporate insiders own 0.38% 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.