Osisko Gold Royalties (OR) Earns “Buy” Rating from Desjardins
Desjardins restated their buy rating on shares of Osisko Gold Royalties (TSE:OR) in a research note issued to investors on Monday morning. Desjardins also issued estimates for Osisko Gold Royalties’ Q4 2017 earnings at $0.03 EPS, FY2017 earnings at $0.18 EPS, Q1 2018 earnings at $0.02 EPS, Q2 2018 earnings at $0.03 EPS, Q3 2018 earnings at $0.04 EPS, Q4 2018 earnings at $0.04 EPS, FY2018 earnings at $0.13 EPS, Q1 2019 earnings at $0.04 EPS, Q2 2019 earnings at $0.05 EPS, Q3 2019 earnings at $0.06 EPS and FY2019 earnings at $0.20 EPS.
Other analysts have also recently issued research reports about the company. Canaccord Genuity boosted their target price on Osisko Gold Royalties from C$20.00 to C$21.50 in a report on Friday, September 29th. National Bank Financial boosted their target price on Osisko Gold Royalties from C$19.00 to C$19.25 and gave the stock an outperform rating in a report on Thursday, November 9th. Royal Bank of Canada decreased their target price on Osisko Gold Royalties from C$21.00 to C$20.00 and set an outperform rating for the company in a report on Tuesday, August 15th. Scotiabank decreased their target price on Osisko Gold Royalties from C$21.00 to C$20.00 and set an outperform rating for the company in a report on Monday, November 6th. Finally, Eight Capital reiterated a neutral rating on shares of Osisko Gold Royalties in a report on Thursday, November 16th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Osisko Gold Royalties currently has a consensus rating of Buy and a consensus price target of C$19.14.
Shares of Osisko Gold Royalties (OR) opened at C$14.02 on Monday. Osisko Gold Royalties has a fifty-two week low of C$11.90 and a fifty-two week high of C$17.58.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Thursday, December 28th. Osisko Gold Royalties’s dividend payout ratio is presently 62.96%.
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About Osisko Gold Royalties
Osisko Gold Royalties Ltd (Osisko) is a Canada-based company engaged in the business of acquiring and managing precious metal and other interests in Canada and across the world. The Company’s assets include the Canadian Malartic mine, located in Malartic, Quebec and Eleonore mine, located in the James Bay area in Quebec.
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