Brokerages Set Osisko Gold Royalties Ltd (TSE:OR) PT at C$21.90

Osisko Gold Royalties Ltd (TSE:OR – Get Rating) has earned an average recommendation of “Buy” from the ten brokerages that are currently covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$21.90.

OR has been the subject of a number of recent analyst reports. Scotiabank lowered their target price on shares of Osisko Gold Royalties from C$26.00 to C$22.50 in a research note on Tuesday, April 5th. TD Securities upped their price objective on shares of Osisko Gold Royalties from C$21.00 to C$23.00 and gave the company a “buy” rating in a report on Tuesday, April 5th. National Bankshares set a C$20.00 price target on shares of Osisko Gold Royalties and gave the stock an “outperform” rating in a report on Thursday, April 7th. Raymond James set a C$23.00 target price on Osisko Gold Royalties and gave the company an “outperform” rating in a research report on Monday, April 4th. Finally, BMO Capital Markets reduced their price objective on Osisko Gold Royalties from C$20.00 to C$19.00 in a research note on Friday, February 25th.

OR traded up C$0.05 during midday trading on Wednesday, reaching C$17.48. The company had a trading volume of 335,251 shares, compared to its average volume of 526,604. The company has a debt-to-equity ratio of 24.09, a quick ratio of 0.38 and a current ratio of 0.44. The stock has a market cap of C$3.23 billion and a PE ratio of -123.97. Osisko Gold Royalties has a 12-month low of C$13.60 and a 12-month high of C$18.59. The business has a 50-day moving average price of C$16.53 and a two-hundred day moving average price of C$15.57.

Osisko Gold Royalties (TSE:OR – Get Rating) last released its earnings results on Thursday, February 24th. The company reported C$0.02 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.12 by C($0.10). The firm had revenue of C$50.67 million during the quarter. On average, research analysts anticipate that Osisko Gold Royalties will post 0.56 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 14th. Shareholders of record on Thursday, March 31st will be paid a $0.055 dividend. The ex-dividend date is Wednesday, March 30th. This represents a $0.22 dividend on an annualized basis and a yield of 1.26%. Osisko Gold Royalties’s dividend payout ratio (DPR) is currently -148.94%.

Osisko Gold Royalties Company Profile (Get Rating)

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and offtake and other interests in Canada and internationally. It also owns options on royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company's primary asset is a 5% net smelter return royalty on the Canadian Malartic mine located in Canada.

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