Osisko Gold Royalties (TSE:OR) Reaches New 52-Week High Following Analyst Upgrade

Osisko Gold Royalties Ltd (TSE:OR)’s share price reached a new 52-week high during mid-day trading on Monday after Stifel Nicolaus raised their price target on the stock from C$29.00 to C$31.00. The company traded as high as C$29.21 and last traded at C$28.99, with a volume of 192433 shares. The stock had previously closed at C$28.49.

OR has been the subject of a number of other research reports. Jefferies Financial Group upgraded shares of Osisko Gold Royalties from a “hold” rating to a “buy” rating in a report on Friday, July 12th. Raymond James cut their price target on Osisko Gold Royalties from C$27.50 to C$27.00 in a report on Monday, August 19th. Canaccord Genuity Group boosted their price objective on Osisko Gold Royalties from C$30.00 to C$31.00 in a research note on Tuesday, July 23rd. TD Securities raised their target price on Osisko Gold Royalties from C$27.00 to C$31.00 in a research note on Friday. Finally, Scotiabank boosted 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. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$29.13.

Insider Transactions at Osisko Gold Royalties

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 value of C$248,000.00. In related news, Director Everard Trenton Richards sold 15,000 shares of the company’s 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 transaction of C$332,913.00. Also, 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. Over the last quarter, insiders have sold 35,000 shares of company stock valued at $851,244. 0.38% of the stock is currently owned by corporate insiders.

Osisko Gold Royalties Stock Up 1.7 %

The stock has a market cap of C$5.40 billion, a PE ratio of -57.94, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90. The company has a quick ratio of 0.98, a current ratio of 4.92 and a debt-to-equity ratio of 7.00. The firm has a fifty day moving average of C$24.41 and a 200 day moving average of C$23.16.

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

Osisko Gold Royalties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were issued a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Friday, September 27th. Osisko Gold Royalties’s payout ratio is -52.00%.

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.