Osisko Gold Royalties (NYSE:OR) Price Target Increased to $19.00 by Analysts at Jefferies Financial Group

Osisko Gold Royalties (NYSE:OR) had its price objective raised by Jefferies Financial Group from $15.00 to $19.00 in a research report report published on Monday morning, BayStreet.CA reports. The firm currently has a hold rating on the basic materials company’s stock.

Osisko Gold Royalties Trading Down 0.3 %

Shares of Osisko Gold Royalties stock opened at $15.73 on Monday. The company has a fifty day simple moving average of $15.57 and a 200-day simple moving average of $14.32. Osisko Gold Royalties has a 12-month low of $11.24 and a 12-month high of $17.96. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.12. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of -82.76 and a beta of 0.99.

Osisko Gold Royalties (NYSE:OR) last issued its earnings results on Tuesday, February 20th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. Osisko Gold Royalties had a negative net margin of 19.34% and a positive return on equity of 6.78%. The business had revenue of $47.87 million during the quarter. On average, equities analysts forecast that Osisko Gold Royalties will post 0.43 EPS for the current fiscal year.

Osisko Gold Royalties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.0444 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.18 dividend on an annualized basis and a yield of 1.13%. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.04. Osisko Gold Royalties’s dividend payout ratio is currently -89.47%.

Institutional Trading of Osisko Gold Royalties

A number of large investors have recently bought and sold shares of the business. Raymond James & Associates boosted its stake in Osisko Gold Royalties by 6.5% during the 4th quarter. Raymond James & Associates now owns 15,076 shares of the basic materials company’s stock worth $215,000 after purchasing an additional 917 shares during the period. SG Americas Securities LLC boosted its stake in Osisko Gold Royalties by 2.5% during the 3rd quarter. SG Americas Securities LLC now owns 46,276 shares of the basic materials company’s stock worth $544,000 after purchasing an additional 1,108 shares during the period. Bank of New York Mellon Corp boosted its stake in Osisko Gold Royalties by 7.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 20,763 shares of the basic materials company’s stock worth $244,000 after purchasing an additional 1,356 shares during the period. FCA Corp TX boosted its stake in Osisko Gold Royalties by 3.5% during the 3rd quarter. FCA Corp TX now owns 41,351 shares of the basic materials company’s stock worth $486,000 after purchasing an additional 1,384 shares during the period. Finally, Addenda Capital Inc. boosted its stake in Osisko Gold Royalties by 5.3% during the 1st quarter. Addenda Capital Inc. now owns 36,569 shares of the basic materials company’s stock worth $600,000 after purchasing an additional 1,826 shares during the period. Institutional investors and hedge funds own 68.52% 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.