Stifel Nicolaus Raises Osisko Gold Royalties (TSE:OR) Price Target to C$31.00

Osisko Gold Royalties (TSE:OR) had its price target lifted by Stifel Nicolaus from C$29.00 to C$31.00 in a research report released on Monday, BayStreet.CA reports.

Other equities analysts have also recently issued reports about the stock. Jefferies Financial Group raised shares of Osisko Gold Royalties from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. Scotiabank lifted their target price on Osisko Gold Royalties from C$25.00 to C$27.00 in a report on Monday, August 19th. CIBC boosted their target price on Osisko Gold Royalties from C$33.00 to C$34.00 in a research report on Wednesday, July 10th. National Bankshares raised their price target on Osisko Gold Royalties from C$26.00 to C$28.00 and gave the company an “outperform” rating in a report on Wednesday, July 17th. Finally, Canaccord Genuity Group lifted their price objective on Osisko Gold Royalties from C$30.00 to C$31.00 in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$29.13.

Osisko Gold Royalties Stock Down 0.9 %

Osisko Gold Royalties stock opened at C$28.91 on Monday. The stock has a market cap of C$5.38 billion, a PE ratio of -57.82, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90. The company has a debt-to-equity ratio of 7.00, a quick ratio of 0.98 and a current ratio of 4.92. The stock has a fifty day moving average of C$24.69 and a 200 day moving average of C$23.26. Osisko Gold Royalties has a one year low of C$16.32 and a one year high of C$29.30.

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

Osisko Gold Royalties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were paid a dividend of $0.065 per share. The ex-dividend date was Friday, September 27th. This represents a $0.26 dividend on an annualized basis and a yield of 0.90%. Osisko Gold Royalties’s payout ratio is -52.00%.

Insider Activity at Osisko Gold Royalties

In other news, Director Duncan Cornell Card sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of C$27.03, for a total value of C$270,331.00. In related news, Director Duncan Cornell Card sold 10,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of C$27.03, for a total transaction of C$270,331.00. Also, Director Everard Trenton Richards sold 15,000 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of C$22.19, for a total value of C$332,913.00. Insiders have sold a total of 35,000 shares of company stock valued at $851,244 in the last ninety days. Company insiders own 0.38% of the company’s stock.

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.