Osisko Gold Royalties (TSE:OR) Sets New 1-Year High on Analyst Upgrade

Osisko Gold Royalties Ltd (TSE:OR)’s share price hit a new 52-week high on Monday after TD Securities raised their price target on the stock from C$27.00 to C$31.00. The stock traded as high as C$29.21 and last traded at C$28.99, with a volume of 192433 shares trading hands. The stock had previously closed at C$28.49.

Other equities analysts have also issued research reports about the company. Scotiabank increased their price target on Osisko Gold Royalties from C$25.00 to C$27.00 in a research report on Monday, August 19th. Jefferies Financial Group upgraded shares of Osisko Gold Royalties from a “hold” rating to a “buy” rating in a report on Friday, July 12th. CIBC boosted their price target on shares of Osisko Gold Royalties from C$33.00 to C$34.00 in a report on Wednesday, July 10th. Canaccord Genuity Group raised their price objective on shares of Osisko Gold Royalties from C$30.00 to C$31.00 in a research note on Tuesday, July 23rd. Finally, Raymond James lowered their price objective on shares of Osisko Gold Royalties from C$27.50 to C$27.00 in a research report on Monday, August 19th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$28.75.

Insiders Place Their Bets

In other Osisko Gold Royalties news, Director Duncan Cornell Card sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of C$27.03, for a total transaction of C$270,331.00. In other news, Director Everard Trenton Richards sold 15,000 shares of the business’s stock in a transaction on 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 on Tuesday, October 15th. The stock was sold at an average price of C$27.03, for a total transaction of C$270,331.00. Insiders sold 35,000 shares of company stock valued at $851,244 over the last ninety days. Corporate insiders own 0.38% of the company’s stock.

Osisko Gold Royalties Trading Up 1.8 %

The company has a debt-to-equity ratio of 7.00, a quick ratio of 0.98 and a current ratio of 4.92. The company’s 50 day moving average is C$24.29 and its 200 day moving average is C$23.11. The stock has a market capitalization of C$5.40 billion, a price-to-earnings ratio of -56.98, a PEG ratio of 1.31 and a beta of 0.90.

Osisko Gold Royalties (TSE:OR) last issued its quarterly earnings results on Tuesday, August 6th. The company reported C$0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.17 by C$0.01. Osisko Gold Royalties had a negative return on equity of 5.46% and a negative net margin of 36.86%. The firm had revenue of C$64.85 million for the quarter.

Osisko Gold Royalties Announces Dividend

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

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.