CIBC Forecasts Strong Price Appreciation for Osisko Gold Royalties (TSE:OR) Stock

Osisko Gold Royalties (TSE:OR) had its price objective upped by CIBC from C$36.00 to C$39.00 in a research note issued to investors on Monday,BayStreet.CA reports.

OR has been the topic of several other reports. Raymond James cut their target price on shares of Osisko Gold Royalties from C$27.50 to C$27.00 in a research note on Monday, August 19th. TD Securities downgraded Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Scotiabank raised their price objective on Osisko Gold Royalties from C$25.00 to C$27.00 in a research note on Monday, August 19th. BMO Capital Markets upped their target price on Osisko Gold Royalties from C$27.00 to C$28.00 in a research report on Thursday, November 7th. Finally, Stifel Nicolaus lifted their price target on shares of Osisko Gold Royalties from C$29.00 to C$31.00 in a research report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Osisko Gold Royalties has an average rating of “Moderate Buy” and a consensus target price of C$30.25.

Osisko Gold Royalties Price Performance

Osisko Gold Royalties stock opened at C$26.89 on Monday. The stock has a market capitalization of C$5.01 billion, a price-to-earnings ratio of -53.78, a PEG ratio of 1.31 and a beta of 0.90. Osisko Gold Royalties has a 52-week low of C$17.41 and a 52-week high of C$29.57. The company has a debt-to-equity ratio of 7.00, a quick ratio of 0.98 and a current ratio of 4.92. The stock’s 50 day moving average price is C$26.81 and its two-hundred day moving average price is C$24.25.

Osisko Gold Royalties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.065 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.26 annualized dividend and a yield of 0.97%. Osisko Gold Royalties’s dividend payout ratio (DPR) is currently -52.00%.

Insider Buying and Selling at Osisko Gold Royalties

In other news, Director Duncan Cornell Card sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of C$27.03, for a total value of C$270,331.00. Company 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.