Osisko Gold Royalties (NYSE:OR) Given New $22.00 Price Target at Jefferies Financial Group

Osisko Gold Royalties (NYSE:OR) had its target price lifted by Jefferies Financial Group from $19.00 to $22.00 in a research note issued to investors on Friday morning, Benzinga reports. The firm currently has a buy rating on the basic materials company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank of Canada lowered their price target on shares of Osisko Gold Royalties from $21.00 to $20.00 and set an outperform rating on the stock in a report on Tuesday, September 10th. TD Securities upgraded Osisko Gold Royalties to a strong-buy rating in a research report on Monday, July 22nd.

Osisko Gold Royalties Trading Up 0.2 %

Shares of OR stock opened at $18.64 on Friday. The stock’s fifty day moving average price is $17.52 and its two-hundred day moving average price is $16.76. Osisko Gold Royalties has a fifty-two week low of $11.51 and a fifty-two week high of $19.03. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.92 and a current ratio of 4.92. The company has a market cap of $3.47 billion, a PE ratio of -88.76 and a beta of 1.04.

Osisko Gold Royalties (NYSE:OR) last issued its earnings results on Tuesday, August 6th. The basic materials company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The business had revenue of $47.39 million during the quarter. Osisko Gold Royalties had a positive return on equity of 6.80% and a negative net margin of 36.71%. Equities analysts predict that Osisko Gold Royalties will post 0.48 EPS for the current fiscal year.

Osisko Gold Royalties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.047 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.19 annualized dividend and a dividend yield of 1.01%. Osisko Gold Royalties’s payout ratio is presently -90.48%.

Institutional Investors Weigh In On Osisko Gold Royalties

A number of large investors have recently modified their holdings of OR. CIBC Asset Management Inc increased its stake in shares of Osisko Gold Royalties by 7.3% in the 4th quarter. CIBC Asset Management Inc now owns 273,833 shares of the basic materials company’s stock worth $3,920,000 after acquiring an additional 18,668 shares in the last quarter. Sprott Inc. increased its stake in shares of Osisko Gold Royalties by 10.4% in the 4th quarter. Sprott Inc. now owns 3,820,710 shares of the basic materials company’s stock worth $54,558,000 after purchasing an additional 361,372 shares in the last quarter. Creekmur Asset Management LLC bought a new position in shares of Osisko Gold Royalties in the fourth quarter worth about $136,000. Vanguard Group Inc. lifted its holdings in Osisko Gold Royalties by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 6,736,197 shares of the basic materials company’s stock valued at $96,193,000 after purchasing an additional 41,380 shares in the last quarter. Finally, Global Assets Advisory LLC bought a new position in Osisko Gold Royalties in the 1st quarter worth $389,000. Institutional investors own 68.52% 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.