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

Shares of Osisko Gold Royalties Ltd (TSE:ORGet Free Report) 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.

Check Out Our Latest Stock Analysis on Osisko Gold Royalties

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:ORGet Free Report) 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

(Get Free Report)

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.

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