Osisko Gold Royalties Ltd (NYSE:OR) Declares Quarterly Dividend of $0.05

Osisko Gold Royalties Ltd (NYSE:OR) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.048 per share by the basic materials company on Wednesday, January 15th. This represents a $0.19 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.05.

Osisko Gold Royalties has increased its dividend payment by an average of 5.5% annually over the last three years. Osisko Gold Royalties has a dividend payout ratio of 29.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Osisko Gold Royalties to earn $0.61 per share next year, which means the company should continue to be able to cover its $0.19 annual dividend with an expected future payout ratio of 31.1%.

Osisko Gold Royalties Stock Down 0.3 %

OR stock traded down $0.06 during trading hours on Friday, hitting $20.48. The company’s stock had a trading volume of 36,751 shares, compared to its average volume of 729,383. The stock has a 50 day moving average price of $18.96 and a two-hundred day moving average price of $17.41. Osisko Gold Royalties has a 12 month low of $11.89 and a 12 month high of $21.29. The company has a market capitalization of $3.81 billion, a PE ratio of -56.67 and a beta of 1.03. The company has a quick ratio of 4.92, a current ratio of 4.92 and a debt-to-equity ratio of 0.07.

Osisko Gold Royalties (NYSE:OR) last issued its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Osisko Gold Royalties had a negative net margin of 36.71% and a positive return on equity of 6.80%. The firm had revenue of $47.39 million during the quarter. On average, equities research analysts expect that Osisko Gold Royalties will post 0.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on OR shares. TD Securities raised Osisko Gold Royalties to a “strong-buy” rating in a report on Monday, July 22nd. Royal Bank of Canada lowered their price target on Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. Finally, Jefferies Financial Group boosted their price objective on shares of Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, October 4th.

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.