Osisko Gold Royalties (TSE:OR) Sets New 52-Week High – Should You Buy?

Osisko Gold Royalties Ltd (TSE:OR)’s stock price hit a new 52-week high on Monday . The stock traded as high as C$30.50 and last traded at C$30.35, with a volume of 114798 shares traded. The stock had previously closed at C$29.90.

Analyst Upgrades and Downgrades

Several research firms have recently commented on OR. CIBC upped their price objective on shares of Osisko Gold Royalties from C$36.00 to C$39.00 in a report on Monday, December 2nd. National Bankshares cut their price target on Osisko Gold Royalties from C$35.00 to C$34.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th. Finally, TD Securities decreased their price objective on Osisko Gold Royalties from C$31.00 to C$30.00 and set a “hold” rating for the company in a report on Tuesday, February 25th.

Osisko Gold Royalties Trading Up 1.6 %

The stock has a market cap of C$5.67 billion, a PE ratio of -103.18, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90. The company has a debt-to-equity ratio of 5.29, a quick ratio of 0.98 and a current ratio of 4.40. The company has a 50 day moving average of C$27.70 and a two-hundred day moving average of C$26.84.

Osisko Gold Royalties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.86%. Osisko Gold Royalties’s dividend payout ratio (DPR) is -88.33%.

Insider Buying and Selling

In other Osisko Gold Royalties news, Director Paul Douglas Martin sold 12,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of C$25.67, for a total value of C$308,040.00. Also, Senior Officer André Le Bel sold 10,000 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of C$27.33, for a total transaction of C$273,250.00. In the last quarter, insiders sold 32,966 shares of company stock valued at $875,571. 0.38% 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.