Osisko Gold Royalties Ltd (TSE:OR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Osisko Gold Royalties Ltd (TSE:OR) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$28.50.

Several research analysts have recently weighed in on OR shares. TD Securities upped their price target on shares of Osisko Gold Royalties from C$28.00 to C$29.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Canaccord Genuity Group boosted their price objective on shares of Osisko Gold Royalties from C$30.00 to C$31.00 in a research report on Tuesday, July 23rd. Raymond James cut their price objective on shares of Osisko Gold Royalties from C$27.50 to C$27.00 in a research report on Monday, August 19th. CIBC upped 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. Finally, Scotiabank upped their price target on shares of Osisko Gold Royalties from C$25.00 to C$27.00 in a research report on Monday, August 19th.

Osisko Gold Royalties Trading Up 0.7 %

Shares of OR stock opened at C$24.96 on Wednesday. Osisko Gold Royalties has a 12-month low of C$15.42 and a 12-month high of C$25.36. The company has a market capitalization of C$4.65 billion, a P/E ratio of -49.92, a P/E/G ratio of 1.31 and a beta of 0.89. The firm has a 50-day moving average price of C$23.74 and a 200 day moving average price of C$22.65. The company has a quick ratio of 0.98, a current ratio of 4.92 and a debt-to-equity ratio of 7.00.

Osisko Gold Royalties (TSE:OR) last issued its quarterly earnings results on Tuesday, August 6th. The company reported C$0.18 EPS for the quarter, topping the consensus estimate 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 company had revenue of C$64.85 million during the quarter.

Osisko Gold Royalties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Friday, September 27th. Osisko Gold Royalties’s dividend payout ratio is currently -52.00%.

Insider Transactions at Osisko Gold Royalties

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