Osisko Gold Royalties (TSE:OR) Price Target Raised to C$28.00

Osisko Gold Royalties (TSE:OR) had its target price boosted by BMO Capital Markets from C$27.00 to C$28.00 in a report published on Thursday morning,BayStreet.CA reports.

OR has been the topic of a number of other reports. Stifel Nicolaus upped their target price on shares of Osisko Gold Royalties from C$29.00 to C$31.00 in a research report on Monday, October 21st. CIBC boosted their price target on shares of Osisko Gold Royalties from C$33.00 to C$34.00 in a research note on Wednesday, July 10th. Canaccord Genuity Group boosted their price target on shares of Osisko Gold Royalties from C$30.00 to C$31.00 in a research note on Tuesday, July 23rd. Scotiabank boosted their price target on shares of Osisko Gold Royalties from C$25.00 to C$27.00 in a research note on Monday, August 19th. Finally, Jefferies Financial Group raised shares of Osisko Gold Royalties from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Osisko Gold Royalties presently has a consensus rating of “Moderate Buy” and an average target price of C$29.63.

Osisko Gold Royalties Price Performance

Shares of OR stock opened at C$28.14 on Thursday. Osisko Gold Royalties has a 1 year low of C$16.32 and a 1 year high of C$29.57. The firm’s 50 day moving average is C$25.70 and its 200-day moving average is C$23.69. The firm has a market capitalization of C$5.24 billion, a price-to-earnings ratio of -56.28, a PEG ratio of 1.31 and a beta of 0.90. The company has a current ratio of 4.92, a quick ratio of 0.98 and a debt-to-equity ratio of 7.00.

Osisko Gold Royalties Dividend Announcement

The firm also recently announced 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. This represents a $0.26 annualized dividend and a yield of 0.92%. The ex-dividend date is Tuesday, December 31st. Osisko Gold Royalties’s payout ratio is -52.00%.

Insider Buying and Selling

In related news, Senior Officer André Le Bel sold 10,000 shares of the stock in a transaction 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. 0.38% of the stock is currently owned by corporate 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.