Osisko Gold Royalties (TSE:OR) Price Target Raised to C$38.00 at Stifel Nicolaus

Osisko Gold Royalties (TSE:OR) had its price target raised by Stifel Nicolaus from C$33.00 to C$38.00 in a report released on Monday,BayStreet.CA reports.

Several other research firms also recently weighed in on OR. Scotiabank upgraded shares of Osisko Gold Royalties from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 14th. National Bankshares boosted their price target on Osisko Gold Royalties from C$34.00 to C$35.50 and gave the stock an “outperform” rating in a research report on Wednesday, April 2nd. Finally, TD Securities raised their price objective on Osisko Gold Royalties from C$30.00 to C$35.00 in a report on Tuesday, April 15th.

Osisko Gold Royalties Price Performance

Osisko Gold Royalties stock opened at C$32.54 on Monday. The stock has a market capitalization of C$6.08 billion, a P/E ratio of -110.55, a P/E/G ratio of 1.31 and a beta of 0.90. The company’s fifty day moving average price is C$28.67 and its 200 day moving average price is C$27.62. The company has a debt-to-equity ratio of 5.29, a quick ratio of 0.98 and a current ratio of 4.40. Osisko Gold Royalties has a 1 year low of C$20.67 and a 1 year high of C$33.48.

Osisko Gold Royalties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 0.80%. Osisko Gold Royalties’s dividend payout ratio (DPR) is -88.33%.

Insider Activity at Osisko Gold Royalties

In related news, Senior Officer Guy Desharnais sold 5,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of C$26.40, for a total transaction of C$132,006.00. Also, Senior Officer Iain Wesley Farmer sold 26,100 shares of Osisko Gold Royalties stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of C$32.92, for a total value of C$859,219.83. Over the last three months, insiders have sold 64,058 shares of company stock worth $1,898,479. Insiders own 0.38% of the company’s stock.

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.