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

Osisko Gold Royalties Ltd (NYSE:OR) announced a quarterly dividend on Tuesday, August 6th, Zacks reports. Investors of record on Monday, September 30th will be paid a dividend of 0.047 per share by the basic materials company on Tuesday, October 15th. This represents a $0.19 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Monday, September 30th.

Osisko Gold Royalties has raised its dividend payment by an average of 5.5% annually over the last three years. Osisko Gold Royalties has a payout ratio of 33.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Osisko Gold Royalties to earn $0.55 per share next year, which means the company should continue to be able to cover its $0.19 annual dividend with an expected future payout ratio of 34.5%.

Osisko Gold Royalties Stock Down 2.8 %

Shares of NYSE OR opened at $18.45 on Friday. The company has a market cap of $3.43 billion, a price-to-earnings ratio of -87.86 and a beta of 1.03. The company has a current ratio of 4.92, a quick ratio of 4.92 and a debt-to-equity ratio of 0.07. The stock has a 50-day moving average price of $17.40 and a two-hundred day moving average price of $16.63. Osisko Gold Royalties has a 12 month low of $11.24 and a 12 month high of $19.03.

Osisko Gold Royalties (NYSE:OR) last posted its earnings results on Tuesday, August 6th. The basic materials company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Osisko Gold Royalties had a negative net margin of 36.71% and a positive return on equity of 6.80%. The firm had revenue of $47.39 million for the quarter. As a group, analysts forecast that Osisko Gold Royalties will post 0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on OR shares. Royal Bank of Canada lowered their target price on Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. TD Securities upgraded Osisko Gold Royalties to a “strong-buy” rating in a research report on Monday, July 22nd. Finally, Jefferies Financial Group upgraded Osisko Gold Royalties from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Friday, July 12th.

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.