Osisko Gold Royalties (TSE:OR) Price Target Raised to C$30.00

Osisko Gold Royalties (TSE:OR) had its price objective hoisted by Canaccord Genuity Group from C$28.00 to C$30.00 in a research note published on Tuesday, BayStreet.CA reports.

Several other equities analysts also recently issued reports on OR. CIBC lifted their price target on shares of Osisko Gold Royalties from C$28.50 to C$33.00 in a report on Monday, April 15th. Raymond James boosted their target price on shares of Osisko Gold Royalties from C$26.00 to C$28.00 in a research note on Tuesday. National Bankshares dropped their target price on shares of Osisko Gold Royalties from C$25.00 to C$23.00 and set an outperform rating for the company in a research note on Thursday, February 22nd. TD Securities dropped their target price on shares of Osisko Gold Royalties from C$25.00 to C$23.00 and set a buy rating for the company in a research note on Friday, February 23rd. Finally, Stifel Nicolaus boosted their target price on shares of Osisko Gold Royalties from C$27.00 to C$28.00 and gave the stock a buy rating in a research note on Friday, April 19th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Osisko Gold Royalties currently has an average rating of Moderate Buy and a consensus target price of C$26.56.

Osisko Gold Royalties Price Performance

TSE OR opened at C$21.55 on Tuesday. The company has a current ratio of 4.11, a quick ratio of 0.98 and a debt-to-equity ratio of 12.11. The company has a fifty day simple moving average of C$21.10 and a 200 day simple moving average of C$19.40. The company has a market cap of C$4.00 billion, a P/E ratio of -82.88, a P/E/G ratio of 1.31 and a beta of 0.79. Osisko Gold Royalties has a 1 year low of C$15.42 and a 1 year high of C$24.42.

Osisko Gold Royalties (TSE:OR) last issued its earnings results on Tuesday, February 20th. The company reported C$0.16 earnings per share for the quarter, beating the consensus estimate of C$0.15 by C$0.01. Osisko Gold Royalties had a negative net margin of 19.55% and a negative return on equity of 2.85%. The business had revenue of C$65.16 million for the quarter. On average, sell-side analysts predict that Osisko Gold Royalties will post 0.5493552 EPS for the current year.

Osisko Gold Royalties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 15th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Wednesday, March 27th. Osisko Gold Royalties’s dividend payout ratio is currently -92.31%.

Insider Activity at Osisko Gold Royalties

In other news, Director David Smith acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was purchased at an average price of C$18.98 per share, for a total transaction of C$189,800.00. In related news, Director David Smith purchased 10,000 shares of Osisko Gold Royalties stock in a transaction dated Monday, February 26th. The stock was bought at an average price of C$18.98 per share, for a total transaction of C$189,800.00. Also, Senior Officer Guy Desharnais sold 7,484 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$21.10, for a total transaction of C$157,912.40. Over the last 90 days, insiders sold 53,184 shares of company stock worth $1,158,088. 0.57% of the stock is currently owned by company insiders.

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.