CIBC Raises Osisko Gold Royalties (TSE:OR) Price Target to C$33.00

Osisko Gold Royalties (TSE:OR) had its price target increased by CIBC from C$28.50 to C$33.00 in a report released on Monday, BayStreet.CA reports.

Other equities research analysts also recently issued research reports about the company. Raymond James increased their price objective on Osisko Gold Royalties from C$25.00 to C$26.00 and gave the company an outperform rating in a research report on Friday, January 12th. National Bankshares cut their target price on shares of Osisko Gold Royalties from C$25.00 to C$23.00 and set an outperform rating on the stock in a research note on Thursday, February 22nd. Finally, TD Securities cut their target price on shares of Osisko Gold Royalties from C$25.00 to C$23.00 and set a buy rating on the stock in a research note on Friday, February 23rd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of C$25.75.

Osisko Gold Royalties Trading Up 1.7 %

TSE:OR opened at C$22.23 on Monday. The company has a debt-to-equity ratio of 12.11, a quick ratio of 0.98 and a current ratio of 4.11. The stock has a market cap of C$4.13 billion, a price-to-earnings ratio of -85.50, a price-to-earnings-growth ratio of 1.31 and a beta of 0.79. Osisko Gold Royalties has a one year low of C$15.42 and a one year high of C$24.42. The business’s 50-day simple moving average is C$20.93 and its 200 day simple moving average is C$19.21.

Osisko Gold Royalties (TSE:OR) last posted its earnings results on Tuesday, February 20th. The company reported C$0.16 EPS for the quarter, beating the consensus estimate of C$0.15 by C$0.01. Osisko Gold Royalties had a negative return on equity of 2.85% and a negative net margin of 19.55%. The company had revenue of C$65.16 million during the quarter. As a group, sell-side analysts predict that Osisko Gold Royalties will post 0.5493552 earnings per share for the current fiscal year.

Osisko Gold Royalties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 15th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Wednesday, March 27th. Osisko Gold Royalties’s dividend payout ratio is -92.31%.

Insiders Place Their Bets

In other news, Director David Smith acquired 10,000 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was bought at an average price of C$18.98 per share, with a total value of C$189,800.00. In related news, Director David Smith purchased 10,000 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was acquired at an average price of C$18.98 per share, with a total value of C$189,800.00. Also, Senior Officer Iain Wesley Farmer sold 19,600 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of C$22.08, for a total transaction of C$432,864.04. Insiders sold a total of 53,184 shares of company stock worth $1,158,088 over the last quarter. Company insiders own 0.57% of the company’s stock.

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.