Canaccord Genuity Group Increases Osisko Gold Royalties (TSE:OR) Price Target to C$30.00

Osisko Gold Royalties (TSE:OR) had its price target raised by Canaccord Genuity Group from C$28.00 to C$30.00 in a report released on Tuesday, BayStreet.CA reports.

OR has been the topic of a number of other research reports. Stifel Nicolaus raised their target price on shares of Osisko Gold Royalties from C$27.00 to C$28.00 and gave the company a buy rating in a research report on Friday, April 19th. TD Securities cut their price objective on shares of Osisko Gold Royalties from C$25.00 to C$23.00 and set a buy rating on the stock in a research report on Friday, February 23rd. CIBC lifted their price objective on shares of Osisko Gold Royalties from C$28.50 to C$33.00 in a research report on Monday, April 15th. Raymond James lifted their price objective on shares of Osisko Gold Royalties from C$26.00 to C$28.00 in a research report on Tuesday. Finally, National Bankshares cut their price objective on shares of Osisko Gold Royalties from C$25.00 to C$23.00 and set an outperform rating on the stock in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of C$26.56.

Osisko Gold Royalties Trading Up 1.1 %

TSE OR opened at C$21.78 on Tuesday. The company has a debt-to-equity ratio of 12.11, a quick ratio of 0.98 and a current ratio of 4.11. The company has a market capitalization of C$4.04 billion, a price-to-earnings ratio of -83.77, a price-to-earnings-growth ratio of 1.31 and a beta of 0.79. The company’s 50-day simple moving average is C$21.20 and its two-hundred day simple moving average is C$19.43. Osisko Gold Royalties has a one year low of C$15.42 and a one year high of C$24.42.

Osisko Gold Royalties (TSE:OR) last posted its earnings results on Tuesday, February 20th. The company reported C$0.16 EPS for the quarter, beating analysts’ consensus estimates of C$0.15 by C$0.01. The business had revenue of C$65.16 million for the quarter. Osisko Gold Royalties had a negative net margin of 19.55% and a negative return on equity of 2.85%. Equities analysts forecast that Osisko Gold Royalties will post 0.5493552 EPS for the current fiscal year.

Osisko Gold Royalties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 15th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.24 dividend on an annualized basis and a yield of 1.10%. Osisko Gold Royalties’s payout ratio is -92.31%.

Insider Buying and Selling at Osisko Gold Royalties

In related news, Director David Smith purchased 10,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were acquired at an average price of C$18.98 per share, for a total transaction of C$189,800.00. In related news, Director David Smith purchased 10,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were acquired at an average price of C$18.98 per share, for a total transaction of C$189,800.00. Also, Senior Officer Guy Desharnais sold 7,484 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$21.10, for a total transaction of C$157,912.40. In the last quarter, insiders have sold 53,184 shares of company stock worth $1,158,088. 0.57% of the stock is owned by corporate insiders.

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.