Stifel Nicolaus Raises Osisko Gold Royalties (TSE:OR) Price Target to C$28.00

Osisko Gold Royalties (TSE:ORFree Report) had its price objective increased by Stifel Nicolaus from C$27.00 to C$28.00 in a research note released on Friday, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities research analysts have also recently weighed in on OR. National Bankshares cut 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. TD Securities cut their target price on Osisko Gold Royalties from C$25.00 to C$23.00 and set a buy rating for the company in a research note on Friday, February 23rd. Raymond James upped their target price on Osisko Gold Royalties from C$25.00 to C$26.00 and gave the stock an outperform rating in a research note on Friday, January 12th. Finally, CIBC increased their price target on Osisko Gold Royalties from C$28.50 to C$33.00 in a research note on Monday, April 15th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of C$25.72.

Read Our Latest Report on Osisko Gold Royalties

Osisko Gold Royalties Trading Down 0.6 %

Shares of OR stock opened at C$22.13 on Friday. The company has a current ratio of 4.11, a quick ratio of 0.98 and a debt-to-equity ratio of 12.11. The stock has a market cap of C$4.11 billion, a P/E ratio of -85.12, a price-to-earnings-growth ratio of 1.31 and a beta of 0.79. The stock has a 50 day simple moving average of C$21.03 and a 200 day simple moving average of C$19.32. Osisko Gold Royalties has a 1 year low of C$15.42 and a 1 year high of C$24.42.

Osisko Gold Royalties (TSE:ORGet Free Report) last issued its quarterly earnings results on Tuesday, February 20th. The company reported C$0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.15 by C$0.01. The business 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%. On average, research analysts predict that Osisko Gold Royalties will post 0.5493552 earnings per share for the current fiscal year.

Osisko Gold Royalties Dividend Announcement

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

Insider Activity at Osisko Gold Royalties

In related news, Senior Officer Iain Wesley Farmer sold 19,600 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of C$22.08, for a total value of C$432,864.04. In other Osisko Gold Royalties news, Senior Officer André Le Bel sold 10,000 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of C$21.44, for a total transaction of C$214,400.00. Also, Senior Officer Iain Wesley Farmer sold 19,600 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of C$22.08, for a total value of C$432,864.04. Insiders sold 53,184 shares of company stock worth $1,158,088 over the last three months. Company insiders own 0.57% of the company’s stock.

Osisko Gold Royalties Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Osisko Gold Royalties (TSE:OR)

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