Osisko Gold Royalties (TSE:OR) PT Raised to C$30.00

Osisko Gold Royalties (TSE:OR) had its target price hoisted by Canaccord Genuity Group from C$28.00 to C$30.00 in a research note released on Tuesday, BayStreet.CA reports.

Several other equities analysts have also recently commented on the company. Raymond James increased their target price on Osisko Gold Royalties from C$26.00 to C$28.00 in a research note on Tuesday. National Bankshares reduced their target price on Osisko Gold Royalties from C$25.00 to C$23.00 and set an outperform rating for the company in a research note on Thursday, February 22nd. Stifel Nicolaus increased their target price on Osisko Gold Royalties from C$27.00 to C$28.00 and gave the company a buy rating in a research note on Friday, April 19th. TD Securities dropped their price target on Osisko Gold Royalties from C$25.00 to C$23.00 and set a buy rating on the stock in a research report on Friday, February 23rd. Finally, CIBC upped their price target on Osisko Gold Royalties from C$28.50 to C$33.00 in a research report on Monday, April 15th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of C$26.56.

Osisko Gold Royalties Stock Up 0.7 %

TSE OR opened at C$21.93 on Tuesday. The stock has a market cap of C$4.07 billion, a PE ratio of -84.35, a P/E/G ratio of 1.31 and a beta of 0.79. Osisko Gold Royalties has a fifty-two week low of C$15.42 and a fifty-two week high of C$24.42. The business has a 50 day moving average price of C$21.26 and a two-hundred day moving average price of C$19.47. The company has a quick ratio of 0.98, a current ratio of 4.11 and a debt-to-equity ratio of 12.11.

Osisko Gold Royalties (TSE:OR) last released its quarterly earnings results on Tuesday, February 20th. 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$65.16 million during the quarter. Osisko Gold Royalties had a negative return on equity of 2.85% and a negative net margin of 19.55%. As a group, sell-side analysts predict that Osisko Gold Royalties will post 0.5493552 EPS for the current fiscal year.

Osisko Gold Royalties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 15th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.09%. The ex-dividend date was Wednesday, March 27th. Osisko Gold Royalties’s dividend payout ratio is currently -92.31%.

Insiders Place Their Bets

In related news, Director David Smith bought 10,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were purchased at an average cost of C$18.98 per share, with a total value of C$189,800.00. In other Osisko Gold Royalties news, Senior Officer Frédéric Ruel sold 16,100 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of C$21.92, for a total value of C$352,912.00. Also, Director David Smith bought 10,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was bought at an average cost of C$18.98 per share, for a total transaction of C$189,800.00. Insiders have sold 53,184 shares of company stock valued at $1,158,088 over the last three months. Company insiders own 0.57% 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.