Osisko Gold Royalties Ltd (TSE:OR) Receives Average Rating of “Moderate Buy” from Brokerages

Osisko Gold Royalties Ltd (TSE:OR) has been given an average rating of “Moderate Buy” by the eight ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$29.13.

A number of research firms recently weighed in on OR. Canaccord Genuity Group raised their price target on shares of Osisko Gold Royalties from C$30.00 to C$31.00 in a report on Tuesday, July 23rd. CIBC raised their price target on shares of Osisko Gold Royalties from C$33.00 to C$34.00 in a report on Wednesday, July 10th. Jefferies Financial Group raised shares of Osisko Gold Royalties from a “hold” rating to a “buy” rating in a report on Friday, July 12th. Stifel Nicolaus raised their price objective on shares of Osisko Gold Royalties from C$29.00 to C$31.00 in a report on Monday. Finally, National Bankshares raised their price objective on shares of Osisko Gold Royalties from C$26.00 to C$28.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th.

Insider Transactions at Osisko Gold Royalties

In other news, Director Duncan Cornell Card sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of C$27.03, for a total value of C$270,331.00. In related news, Director Everard Trenton Richards sold 15,000 shares of Osisko Gold Royalties stock in a transaction dated Friday, August 9th. The shares were sold at an average price of C$22.19, for a total value of C$332,913.00. Also, Director Duncan Cornell Card sold 10,000 shares of Osisko Gold Royalties stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of C$27.03, for a total transaction of C$270,331.00. In the last three months, insiders have sold 35,000 shares of company stock worth $851,244. 0.38% of the stock is currently owned by insiders.

Osisko Gold Royalties Stock Down 1.1 %

TSE OR opened at C$28.59 on Friday. 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 has a fifty-two week low of C$16.32 and a fifty-two week high of C$29.30. The business has a 50 day moving average price of C$24.69 and a two-hundred day moving average price of C$23.26. The stock has a market cap of C$5.32 billion, a PE ratio of -57.18, a P/E/G ratio of 1.31 and a beta of 0.90.

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

Osisko Gold Royalties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were given a $0.065 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.91%. Osisko Gold Royalties’s payout ratio is currently -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.