TD Securities Increases Osisko Gold Royalties (TSE:OR) Price Target to C$29.00

Osisko Gold Royalties (TSE:OR) had its price objective lifted by TD Securities from C$28.00 to C$29.00 in a research report released on Monday, MarketBeat reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also commented on OR. Raymond James increased their price target on Osisko Gold Royalties from C$26.00 to C$28.00 in a research report on Tuesday, April 23rd. Jefferies Financial Group upgraded Osisko Gold Royalties from a hold rating to a buy rating in a report on Friday, July 12th. Canaccord Genuity Group lifted their price target on Osisko Gold Royalties from C$28.00 to C$30.00 in a report on Tuesday, April 23rd. Scotiabank raised their price objective on shares of Osisko Gold Royalties from C$24.00 to C$25.00 in a research report on Thursday, July 18th. Finally, National Bankshares raised their price objective on shares of Osisko Gold Royalties from C$26.00 to C$28.00 and gave the company an outperform rating in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Osisko Gold Royalties has an average rating of Moderate Buy and a consensus price target of C$28.38.

Osisko Gold Royalties Trading Down 2.6 %

Osisko Gold Royalties stock opened at C$24.07 on Monday. Osisko Gold Royalties has a 12 month low of C$15.42 and a 12 month high of C$25.19. The stock has a market cap of C$4.48 billion, a price-to-earnings ratio of -83.00, a price-to-earnings-growth ratio of 1.31 and a beta of 0.82. The business has a 50 day moving average price of C$22.68 and a two-hundred day moving average price of C$21.40. The company has a quick ratio of 0.98, a current ratio of 4.95 and a debt-to-equity ratio of 9.52.

Osisko Gold Royalties (TSE:OR) last issued its 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 business 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 forecast that Osisko Gold Royalties will post 0.6398844 EPS for the current year.

Osisko Gold Royalties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $0.065 dividend. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a yield of 1.08%. The ex-dividend date was Friday, June 28th. Osisko Gold Royalties’s dividend payout ratio is currently -82.76%.

Insider Transactions at Osisko Gold Royalties

In other Osisko Gold Royalties news, Director Victor Bradley sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of C$22.05, for a total transaction of C$110,270.50. In other Osisko Gold Royalties news, Director Victor Bradley sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of C$22.05, for a total value of C$110,270.50. Also, Senior Officer Frédéric Ruel sold 33,700 shares of Osisko Gold Royalties 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 transaction of C$748,140.00. Over the last quarter, 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.