Osisko Gold Royalties Ltd (OR) to Issue Quarterly Dividend of $0.07 on January 15th

Osisko Gold Royalties Ltd (TSE:OR) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.065 per share on Wednesday, January 15th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Tuesday, December 31st.

Osisko Gold Royalties Stock Performance

TSE OR opened at C$28.73 on Friday. The company has a quick ratio of 0.98, a current ratio of 4.92 and a debt-to-equity ratio of 7.00. Osisko Gold Royalties has a 52-week low of C$16.32 and a 52-week high of C$29.57. The business’s 50-day moving average price is C$25.61 and its 200 day moving average price is C$23.65. The firm has a market cap of C$5.35 billion, a P/E ratio of -56.78, a P/E/G ratio of 1.31 and a beta of 0.90.

Osisko Gold Royalties (TSE:OR) last released its quarterly earnings results on Tuesday, August 6th. The company reported C$0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.17 by C$0.01. Osisko Gold Royalties had a negative return on equity of 5.46% and a negative net margin of 36.86%. The firm had revenue of C$64.85 million for the quarter.

Insiders Place Their Bets

In other Osisko Gold Royalties news, Director Duncan Cornell Card sold 10,000 shares of Osisko Gold Royalties stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of C$27.03, for a total value of C$270,331.00. 0.38% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

OR has been the subject of a number of recent analyst reports. TD Securities raised their price objective on shares of Osisko Gold Royalties from C$27.00 to C$31.00 in a research report on Friday, October 18th. Stifel Nicolaus raised their price objective on shares of Osisko Gold Royalties from C$29.00 to C$31.00 in a research report on Monday, October 21st. Scotiabank raised their price objective on shares of Osisko Gold Royalties from C$25.00 to C$27.00 in a research report on Monday, August 19th. Raymond James reduced their price target on shares of Osisko Gold Royalties from C$27.50 to C$27.00 in a research report on Monday, August 19th. Finally, Canaccord Genuity Group lifted their price target on shares of Osisko Gold Royalties from C$30.00 to C$31.00 in a research report on Tuesday, July 23rd. One research 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 has an average rating of “Moderate Buy” and a consensus target price of C$29.63.

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.