Osisko Gold Royalties Ltd (TSE:OR) Declares Dividend Increase – $0.07 Per Share

Osisko Gold Royalties Ltd (TSE:OR) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Stockholders of record on Friday, June 28th will be paid a dividend of 0.065 per share on Monday, July 15th. This represents a $0.26 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Friday, June 28th. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.06.

Osisko Gold Royalties Trading Down 0.5 %

Shares of OR stock opened at C$21.04 on Thursday. The company’s 50-day moving average price is C$22.22 and its 200-day moving average price is C$20.85. The company has a current ratio of 4.95, a quick ratio of 0.98 and a debt-to-equity ratio of 9.52. The stock has a market cap of C$3.91 billion, a price-to-earnings ratio of -72.55, a PEG ratio of 1.31 and a beta of 0.82. Osisko Gold Royalties has a twelve month low of C$15.42 and a twelve month high of C$23.75.

Osisko Gold Royalties (TSE:OR) last announced its quarterly earnings results on Wednesday, May 8th. The company reported C$0.16 earnings per share for the quarter, beating the consensus estimate of C$0.15 by C$0.01. The firm had revenue of C$60.75 million for the quarter. Osisko Gold Royalties had a negative net margin of 21.78% and a negative return on equity of 3.15%. As a group, equities analysts predict that Osisko Gold Royalties will post 0.6398844 earnings per share for the current year.

Analysts Set New Price Targets

OR has been the topic of several research analyst reports. Scotiabank boosted their price objective on shares of Osisko Gold Royalties from C$23.00 to C$24.00 in a report on Thursday, May 23rd. Stifel Nicolaus boosted their price objective on shares of Osisko Gold Royalties from C$27.00 to C$28.00 and gave the company a “buy” rating in a report on Friday, April 19th. CIBC boosted their price target on shares of Osisko Gold Royalties from C$28.50 to C$33.00 in a research note on Monday, April 15th. Canaccord Genuity Group boosted their price target on shares of Osisko Gold Royalties from C$28.00 to C$30.00 in a research note on Tuesday, April 23rd. Finally, Raymond James boosted their price target on shares of Osisko Gold Royalties from C$26.00 to C$28.00 in a research note on Tuesday, April 23rd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$26.78.

Insider Buying and Selling

In related news, Director Victor Bradley sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of C$23.19, for a total transaction of C$115,950.00. In related news, Director Victor Bradley sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of C$23.19, for a total value of C$115,950.00. Also, Senior Officer Frédéric Ruel sold 33,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of C$22.20, for a total value of C$748,140.00. Over the last ninety days, insiders have sold 48,700 shares of company stock worth $1,087,670. Company insiders own 0.38% 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.