Osisko Gold Royalties (TSE:OR) Downgraded to Hold Rating by TD Securities

TD Securities cut shares of Osisko Gold Royalties (TSE:OR) from a buy rating to a hold rating in a research note released on Monday morning, Marketbeat.com reports.

Several other equities research analysts also recently issued reports on OR. Canaccord Genuity Group raised 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. BMO Capital Markets lifted their price target on Osisko Gold Royalties from C$27.00 to C$28.00 in a report on Thursday, November 7th. Scotiabank upped their price objective on Osisko Gold Royalties from C$25.00 to C$27.00 in a report on Monday, August 19th. National Bankshares lifted their target price on 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. Finally, Raymond James decreased their price target on shares of Osisko Gold Royalties from C$27.50 to C$27.00 in a research note on Monday, August 19th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Osisko Gold Royalties presently has a consensus rating of “Moderate Buy” and an average target price of C$29.63.

Osisko Gold Royalties Stock Up 1.2 %

Shares of Osisko Gold Royalties stock opened at C$26.11 on Monday. Osisko Gold Royalties has a 52-week low of C$16.32 and a 52-week high of C$29.57. The company has a debt-to-equity ratio of 7.00, a quick ratio of 0.98 and a current ratio of 4.92. The business’s 50 day simple moving average is C$25.83 and its 200 day simple moving average is C$23.78. The firm has a market cap of C$4.86 billion, a PE ratio of -51.62, a P/E/G ratio of 1.31 and a beta of 0.90.

Osisko Gold Royalties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Tuesday, December 31st. Osisko Gold Royalties’s payout ratio is currently -52.00%.

Insider Buying and Selling at Osisko Gold Royalties

In other news, Director Duncan Cornell Card sold 10,000 shares of the 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. Insiders own 0.38% of the company’s stock.

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.