Osisko Gold Royalties (TSE:OR) Sets New 52-Week High – Should You Buy?

Osisko Gold Royalties Ltd (TSE:OR) reached a new 52-week high on Wednesday . The company traded as high as C$25.79 and last traded at C$25.73, with a volume of 112296 shares changing hands. The stock had previously closed at C$25.56.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on OR. TD Securities raised their target price on Osisko Gold Royalties from C$28.00 to C$29.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Raymond James reduced their target price on Osisko Gold Royalties from C$27.50 to C$27.00 in a report on Monday, August 19th. 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 upped their price objective on shares of Osisko Gold Royalties from C$30.00 to C$31.00 in a research note on Tuesday, July 23rd. Finally, Scotiabank increased their price objective on shares of Osisko Gold Royalties from C$25.00 to C$27.00 in a research report on Monday, August 19th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Osisko Gold Royalties currently has a consensus rating of “Moderate Buy” and an average target price of C$28.50.

Osisko Gold Royalties Stock Up 1.1 %

The stock has a market cap of C$4.81 billion, a price-to-earnings ratio of -49.92, a price-to-earnings-growth ratio of 1.31 and a beta of 0.89. The firm’s fifty day moving average price is C$23.86 and its two-hundred day moving average price is C$22.85. The company has a debt-to-equity ratio of 7.00, a current ratio of 4.92 and a quick ratio of 0.98.

Osisko Gold Royalties (TSE:OR) last announced its quarterly earnings data on Tuesday, August 6th. The company reported C$0.18 EPS for the quarter, beating analysts’ consensus estimates of C$0.17 by C$0.01. Osisko Gold Royalties had a negative return on equity of 5.46% and a negative net margin of 36.86%. The firm had revenue of C$64.85 million during the quarter. Sell-side analysts forecast that Osisko Gold Royalties Ltd will post 0.8095548 earnings per share for the current fiscal year.

Osisko Gold Royalties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th will be given a $0.065 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.26 annualized dividend and a yield of 1.01%. Osisko Gold Royalties’s payout ratio is -52.00%.

Insider Buying and Selling at Osisko Gold Royalties

In related news, Senior Officer André Le Bel sold 10,000 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$24.80, for a total value of C$248,000.00. 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 stock was 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 Osisko Gold Royalties stock in a transaction on Friday, August 9th. The stock was sold at an average price of C$22.19, for a total value of C$332,913.00. Company insiders own 0.38% of the company’s stock.

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.