Osisko Gold Royalties Ltd (NYSE:OR – Get Free Report) declared a quarterly dividend on Tuesday, August 6th, Zacks reports. Stockholders of record on Monday, September 30th will be given a dividend of 0.047 per share by the basic materials company on Tuesday, October 15th. This represents a $0.19 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Monday, September 30th.
Osisko Gold Royalties has raised its dividend payment by an average of 5.5% per year over the last three years. Osisko Gold Royalties has a payout ratio of 33.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Osisko Gold Royalties to earn $0.55 per share next year, which means the company should continue to be able to cover its $0.19 annual dividend with an expected future payout ratio of 34.5%.
Osisko Gold Royalties Stock Performance
Shares of NYSE OR traded up $0.48 during midday trading on Thursday, reaching $16.44. 136,141 shares of the company traded hands, compared to its average volume of 809,091. The company has a market cap of $3.06 billion, a price-to-earnings ratio of -78.29 and a beta of 1.01. The stock has a 50-day moving average price of $16.69 and a 200 day moving average price of $15.92. Osisko Gold Royalties has a 52 week low of $11.24 and a 52 week high of $18.34. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.95 and a quick ratio of 4.95.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the company. TD Securities raised Osisko Gold Royalties to a “strong-buy” rating in a report on Monday, July 22nd. Jefferies Financial Group raised Osisko Gold Royalties from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Friday, July 12th.
Get Our Latest Stock Analysis on Osisko Gold Royalties
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.
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