Osisko Gold Royalties (TSE:OR) PT 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 report report published on Tuesday, BayStreet.CA reports.

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

Osisko Gold Royalties Stock Performance

Osisko Gold Royalties stock opened at C$21.93 on Tuesday. The firm’s 50 day simple moving average is C$21.26 and its 200 day simple moving average is C$19.47. 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 firm has a market capitalization of C$4.07 billion, a PE ratio of -84.35, a price-to-earnings-growth 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 posted its earnings results on Tuesday, February 20th. The company reported C$0.16 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.15 by C$0.01. The business had revenue of C$65.16 million for the quarter. Osisko Gold Royalties had a negative net margin of 19.55% and a negative return on equity of 2.85%. As a group, analysts expect that Osisko Gold Royalties will post 0.5493552 earnings per share for the current fiscal year.

Osisko Gold Royalties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 15th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.09%. The ex-dividend date was Wednesday, March 27th. Osisko Gold Royalties’s dividend payout ratio is presently -92.31%.

Insiders Place Their Bets

In other Osisko Gold Royalties news, Senior Officer Iain Wesley Farmer sold 19,600 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of C$22.08, for a total value of C$432,864.04. In related news, Director David Smith purchased 10,000 shares of Osisko Gold Royalties stock in a transaction that occurred on Monday, February 26th. The shares were bought at an average price of C$18.98 per share, for a total transaction of C$189,800.00. Also, Senior Officer Iain Wesley Farmer sold 19,600 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of C$22.08, for a total transaction of C$432,864.04. Insiders sold 53,184 shares of company stock valued at $1,158,088 over the last three months. Insiders own 0.57% of the company’s stock.

Osisko Gold Royalties Company Profile

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.