Osisko Gold Royalties (TSE:OR) Stock Passes Below Two Hundred Day Moving Average of $20.18

Shares of Osisko Gold Royalties Ltd (TSE:OR) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$20.18 and traded as low as C$17.08. Osisko Gold Royalties shares last traded at C$17.12, with a volume of 155,344 shares.

Analyst Ratings Changes

Several analysts have issued reports on OR shares. Scotiabank set a C$22.00 price target on Osisko Gold Royalties and gave the company a “sector perform” rating in a research note on Tuesday, August 22nd. TD Securities decreased their price target on shares of Osisko Gold Royalties from C$27.00 to C$26.00 and set a “buy” rating for the company in a research note on Friday, August 11th. Canaccord Genuity Group boosted their price objective on shares of Osisko Gold Royalties from C$27.50 to C$28.00 in a research report on Thursday, June 29th. BMO Capital Markets lifted their price target on shares of Osisko Gold Royalties from C$22.00 to C$23.00 in a research note on Wednesday, June 7th. Finally, Raymond James increased their price objective on shares of Osisko Gold Royalties from C$25.00 to C$25.50 and gave the stock an “outperform” rating in a research note on Thursday, June 8th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$25.54.

Osisko Gold Royalties Price Performance

The firm has a market cap of C$3.17 billion, a P/E ratio of 38.91, a P/E/G ratio of 1.31 and a beta of 0.62. The company has a quick ratio of 0.98, a current ratio of 4.45 and a debt-to-equity ratio of 18.77. The business’s 50 day moving average is C$18.88 and its two-hundred day moving average is C$20.18.

Osisko Gold Royalties (TSE:OR) last issued its earnings results on Wednesday, August 9th. The company reported C$0.18 EPS for the quarter, beating analysts’ consensus estimates of C$0.14 by C$0.04. The business had revenue of C$60.50 million during the quarter. Osisko Gold Royalties had a positive return on equity of 4.33% and a negative net margin of 41.34%. As a group, analysts anticipate that Osisko Gold Royalties Ltd will post 0.60561 earnings per share for the current year.

Osisko Gold Royalties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.24 annualized dividend and a dividend yield of 1.40%. Osisko Gold Royalties’s dividend payout ratio is currently 54.55%.

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 5% net smelter return royalty on the Canadian Malartic mine located in Canada.