Osisko Gold Royalties Ltd (NYSE:OR) Declares Quarterly Dividend of $0.05

Osisko Gold Royalties Ltd (NYSE:OR) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Stockholders of record on Friday, June 28th will be given a dividend of 0.047 per share by the basic materials company on Monday, July 15th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend is Friday, June 28th. This is a positive change from Osisko Gold Royalties’s previous quarterly dividend of $0.04.

Osisko Gold Royalties has increased its dividend payment by an average of 5.5% per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Osisko Gold Royalties has a payout ratio of 30.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Osisko Gold Royalties to earn $0.54 per share next year, which means the company should continue to be able to cover its $0.17 annual dividend with an expected future payout ratio of 31.5%.

Osisko Gold Royalties Stock Performance

Shares of NYSE OR traded up $0.10 during midday trading on Friday, hitting $16.23. 167,149 shares of the company’s stock traded hands, compared to its average volume of 830,583. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.11 and a current ratio of 4.11. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of -85.11 and a beta of 1.00. The firm has a fifty day moving average of $15.94 and a 200 day moving average of $14.59. Osisko Gold Royalties has a 1 year low of $11.24 and a 1 year high of $17.57.

Osisko Gold Royalties (NYSE:OR) last released its quarterly earnings results on Tuesday, February 20th. The basic materials company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. The business had revenue of $47.87 million for the quarter. Osisko Gold Royalties had a negative net margin of 19.34% and a positive return on equity of 6.78%. On average, analysts forecast that Osisko Gold Royalties will post 0.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group increased their target price on Osisko Gold Royalties from $15.00 to $19.00 and gave the stock a “hold” rating in a research report on Monday, April 22nd.

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.