Osisko Gold Royalties (TSE:OR) Price Target Raised to C$29.00

Osisko Gold Royalties (TSE:OR) had its price target raised by TD Securities from C$28.00 to C$29.00 in a research note issued to investors on Monday, Marketbeat reports. The brokerage currently has a buy rating on the stock.

A number of other research firms also recently issued reports on OR. 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. Raymond James upped their target price on shares of Osisko Gold Royalties from C$26.00 to C$28.00 in a research report on Tuesday, April 23rd. Scotiabank increased their price target on shares of Osisko Gold Royalties from C$24.00 to C$25.00 in a report on Thursday, July 18th. CIBC boosted their price objective on Osisko Gold Royalties from C$33.00 to C$34.00 in a research note on Wednesday, July 10th. Finally, National Bankshares raised their price objective 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. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Osisko Gold Royalties presently has an average rating of Moderate Buy and a consensus target price of C$28.38.

Osisko Gold Royalties Price Performance

TSE:OR opened at C$24.07 on Monday. The stock has a market cap of C$4.48 billion, a PE ratio of -83.00, a P/E/G ratio of 1.31 and a beta of 0.82. The company has a quick ratio of 0.98, a current ratio of 4.95 and a debt-to-equity ratio of 9.52. The business’s 50-day simple moving average is C$22.68 and its two-hundred day simple moving average is C$21.40. Osisko Gold Royalties has a 52 week low of C$15.42 and a 52 week high of C$25.19.

Osisko Gold Royalties (TSE:OR) last issued its earnings results on Wednesday, May 8th. 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 firm had revenue of C$60.75 million during the quarter. Osisko Gold Royalties had a negative net margin of 21.78% and a negative return on equity of 3.15%. As a group, analysts forecast that Osisko Gold Royalties will post 0.6398844 EPS for the current fiscal year.

Osisko Gold Royalties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $0.065 dividend. This is a positive change from Osisko Gold Royalties’s previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a yield of 1.08%. The ex-dividend date was Friday, June 28th. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently -82.76%.

Insider Activity at Osisko Gold Royalties

In related news, Director Victor Bradley sold 5,000 shares of Osisko Gold Royalties stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of C$22.05, for a total value of C$110,270.50. In other Osisko Gold Royalties news, Director Victor Bradley sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of C$22.05, for a total value of C$110,270.50. Also, Senior Officer Frédéric Ruel sold 33,700 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of C$22.20, for a total transaction of C$748,140.00. In the last quarter, insiders have sold 48,700 shares of company stock valued at $1,087,670. 0.38% of the stock is owned by company insiders.

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.