Osisko Gold Royalties Ltd (TSE:OR) Receives C$28.50 Average PT from Brokerages

Osisko Gold Royalties Ltd (TSE:OR) has been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$28.50.

A number of brokerages have commented on OR. Scotiabank boosted their price objective on Osisko Gold Royalties from C$25.00 to C$27.00 in a report on Monday, August 19th. Raymond James lowered their price target on Osisko Gold Royalties from C$27.50 to C$27.00 in a research report on Monday, August 19th. Canaccord Genuity Group lifted their price objective on shares of Osisko Gold Royalties from C$30.00 to C$31.00 in a report on Tuesday, July 23rd. Jefferies Financial Group upgraded shares of Osisko Gold Royalties from a “hold” rating to a “buy” rating in a report on Friday, July 12th. Finally, CIBC boosted their price target on shares of Osisko Gold Royalties from C$33.00 to C$34.00 in a report on Wednesday, July 10th.

Insider Activity at Osisko Gold Royalties

In other news, Senior Officer André Le Bel sold 10,000 shares of Osisko Gold Royalties stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$24.80, for a total value of C$248,000.00. In other Osisko Gold Royalties news, Director Everard Trenton Richards sold 15,000 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of C$22.19, for a total value of C$332,913.00. Also, Senior Officer André Le Bel sold 10,000 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$24.80, for a total transaction of C$248,000.00. 0.38% of the stock is owned by company insiders.

Osisko Gold Royalties Stock Down 2.7 %

Shares of TSE OR opened at C$24.91 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 4.92 and a debt-to-equity ratio of 7.00. The firm has a market cap of C$4.64 billion, a PE ratio of -49.82, a P/E/G ratio of 1.31 and a beta of 0.89. The company’s fifty day simple moving average is C$23.75 and its 200 day simple moving average is C$22.70. Osisko Gold Royalties has a 12-month low of C$15.42 and a 12-month high of C$25.62.

Osisko Gold Royalties (TSE:OR) last announced its quarterly earnings results on Tuesday, August 6th. The company reported C$0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.17 by C$0.01. The business had revenue of C$64.85 million for the quarter. Osisko Gold Royalties had a negative return on equity of 5.46% and a negative net margin of 36.86%. As a group, sell-side analysts forecast that Osisko Gold Royalties will post 0.8095548 earnings per share for the current fiscal year.

Osisko Gold Royalties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th will be given a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Friday, September 27th. Osisko Gold Royalties’s dividend payout ratio (DPR) is currently -52.00%.

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.