Osisko Gold Royalties (TSE:OR) PT Raised to C$31.00 at Canaccord Genuity Group

Osisko Gold Royalties (TSE:OR) had its price objective lifted by Canaccord Genuity Group from C$30.00 to C$31.00 in a research note published on Tuesday morning, BayStreet.CA reports.

Other research analysts have also recently issued research reports about the company. CIBC increased their price objective on Osisko Gold Royalties from C$33.00 to C$34.00 in a research note on Wednesday, July 10th. Jefferies Financial Group raised Osisko Gold Royalties from a hold rating to a buy rating in a research note on Friday, July 12th. Stifel Nicolaus increased their price objective on Osisko Gold Royalties from C$27.00 to C$28.00 and gave the stock a buy rating in a research note on Friday, April 19th. National Bankshares increased their price objective on Osisko Gold Royalties from C$26.00 to C$28.00 and gave the stock an outperform rating in a research note on Wednesday, July 17th. Finally, Scotiabank increased their price objective on Osisko Gold Royalties from C$24.00 to C$25.00 in a research note on Thursday, July 18th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of C$28.38.

Osisko Gold Royalties Trading Down 1.8 %

Shares of OR stock opened at C$23.64 on Tuesday. Osisko Gold Royalties has a 1 year low of C$15.42 and a 1 year high of C$25.19. The company has a debt-to-equity ratio of 9.52, a current ratio of 4.95 and a quick ratio of 0.98. The stock’s 50 day simple moving average is C$22.70 and its two-hundred day simple moving average is C$21.42. The company has a market cap of C$4.40 billion, a PE ratio of -81.52, a price-to-earnings-growth ratio of 1.31 and a beta of 0.82.

Osisko Gold Royalties (TSE:OR) last issued its quarterly earnings results on Wednesday, May 8th. The company reported C$0.16 earnings per share for the quarter, topping the consensus estimate of C$0.15 by C$0.01. Osisko Gold Royalties had a negative return on equity of 3.15% and a negative net margin of 21.78%. The firm had revenue of C$60.75 million for the quarter. Research analysts predict that Osisko Gold Royalties will post 0.6398844 earnings per share for the current year.

Osisko Gold Royalties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a $0.065 dividend. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.10%. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently -82.76%.

Insider Transactions at Osisko Gold Royalties

In other news, Senior Officer Frédéric Ruel sold 33,700 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of C$22.20, for a total value of C$748,140.00. In related news, Director Victor Bradley sold 5,000 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of C$22.66, for a total value of C$113,309.00. Also, Senior Officer Frédéric Ruel sold 33,700 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of C$22.20, for a total value of C$748,140.00. Insiders sold 48,700 shares of company stock valued at $1,087,670 in the last quarter. 0.38% of the stock is currently 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.