Osisko Gold Royalties (TSE:OR) Given New C$35.00 Price Target at National Bankshares

Osisko Gold Royalties (TSE:OR) had its price target raised by National Bankshares from C$33.50 to C$35.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other research firms have also recently issued reports on OR. CIBC raised their target price on shares of Osisko Gold Royalties from C$36.00 to C$39.00 in a research note on Monday, December 2nd. TD Securities cut Osisko Gold Royalties from a “buy” rating to a “hold” rating in a report on Monday, November 11th. BMO Capital Markets increased their target price on Osisko Gold Royalties from C$27.00 to C$28.00 in a research note on Thursday, November 7th. Finally, Stifel Nicolaus boosted their price target on Osisko Gold Royalties from C$29.00 to C$31.00 in a research note on Monday, October 21st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$31.13.

Osisko Gold Royalties Price Performance

Shares of TSE OR opened at C$26.95 on Thursday. Osisko Gold Royalties has a twelve month low of C$17.41 and a twelve month high of C$29.57. The business’s 50 day moving average price is C$27.09 and its two-hundred day moving average price is C$25.09. 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 company has a market cap of C$5.02 billion, a PE ratio of -53.90, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90.

Osisko Gold Royalties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Tuesday, December 31st. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently -52.00%.

Insider Activity

In other news, Director Duncan Cornell Card sold 10,000 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of C$27.03, for a total transaction of C$270,331.00. Corporate 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.