Osisko Gold Royalties Ltd (TSE:OR) to Issue $0.07 Quarterly Dividend

Osisko Gold Royalties Ltd (TSE:OR) declared a quarterly dividend on Tuesday, August 6th, Zacks reports. Stockholders of record on Monday, September 30th will be given a dividend of 0.065 per share on Tuesday, October 15th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Friday, September 27th.

Osisko Gold Royalties Trading Up 0.7 %

TSE OR opened at C$24.96 on Wednesday. The company’s 50-day moving average price is C$23.74 and its 200-day moving average price is C$22.65. The company has a current ratio of 4.92, a quick ratio of 0.98 and a debt-to-equity ratio of 7.00. The stock has a market cap of C$4.65 billion, a PE ratio of -49.92, a PEG ratio of 1.31 and a beta of 0.89. Osisko Gold Royalties has a 12 month low of C$15.42 and a 12 month high of C$25.36.

Osisko Gold Royalties (TSE:OR) last posted its quarterly earnings results on Tuesday, August 6th. The company reported C$0.18 EPS for the quarter, topping analysts’ consensus estimates of C$0.17 by C$0.01. Osisko Gold Royalties had a negative net margin of 36.86% and a negative return on equity of 5.46%. The firm had revenue of C$64.85 million for the quarter.

Analysts Set New Price Targets

Several brokerages have issued reports on OR. Jefferies Financial Group upgraded shares of Osisko Gold Royalties from a “hold” rating to a “buy” rating in a report on Friday, July 12th. Canaccord Genuity Group increased their price target on shares of Osisko Gold Royalties from C$30.00 to C$31.00 in a research report on Tuesday, July 23rd. Raymond James decreased their price target on shares of Osisko Gold Royalties from C$27.50 to C$27.00 in a research report on Monday, August 19th. National Bankshares increased their price target on shares of Osisko Gold Royalties from C$26.00 to C$28.00 and gave the company an “outperform” rating in a research report on Wednesday, July 17th. Finally, CIBC increased their price target on shares of Osisko Gold Royalties from C$33.00 to C$34.00 in a research report on Wednesday, July 10th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$28.50.

Insider Activity at Osisko Gold Royalties

In related news, Director Everard Trenton Richards sold 15,000 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of C$22.19, for a total value of C$332,913.00. In other Osisko Gold Royalties news, Senior Officer André Le Bel sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of C$24.80, for a total transaction of C$248,000.00. Also, Director Everard Trenton Richards sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of C$22.19, for a total transaction of C$332,913.00. 0.38% of the stock is currently owned by insiders.

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.