Osisko Gold Royalties Ltd (TSE:OR) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Osisko Gold Royalties Ltd (TSE:OR) have been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$26.75.

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus upped their target price on Osisko Gold Royalties from C$27.00 to C$28.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Raymond James lifted their price objective on Osisko Gold Royalties from C$26.00 to C$28.00 in a research report on Tuesday, April 23rd. Scotiabank upped their target price on shares of Osisko Gold Royalties from C$23.00 to C$24.00 in a report on Thursday, May 23rd. Canaccord Genuity Group lifted their price target on shares of Osisko Gold Royalties from C$28.00 to C$30.00 in a report on Tuesday, April 23rd. Finally, CIBC raised their target price on shares of Osisko Gold Royalties from C$33.00 to C$34.00 in a research report on Wednesday.

Insider Activity

In other news, Senior Officer Frédéric Ruel sold 33,700 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of C$22.20, for a total value of C$748,140.00. In other news, Senior Officer Frédéric Ruel sold 33,700 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of C$22.20, for a total transaction of C$748,140.00. Also, Director Victor Bradley sold 5,000 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of C$22.66, for a total transaction of C$113,309.00. Insiders have sold 48,700 shares of company stock valued at $1,087,670 in the last three months. Corporate insiders own 0.38% of the company’s stock.

Osisko Gold Royalties Stock Performance

OR opened at C$22.82 on Friday. The stock’s 50 day simple moving average is C$22.22 and its 200 day simple moving average is C$21.04. The stock has a market cap of C$4.24 billion, a P/E ratio of -78.69, a P/E/G ratio of 1.31 and a beta of 0.82. Osisko Gold Royalties has a 1-year low of C$15.42 and a 1-year high of C$23.75. The company has a debt-to-equity ratio of 9.52, a current ratio of 4.95 and a quick ratio of 0.98.

Osisko Gold Royalties (TSE:OR) last released its quarterly earnings data on Wednesday, May 8th. The company reported C$0.16 EPS for the quarter, topping the consensus estimate of C$0.15 by C$0.01. The business had revenue of C$60.75 million for the quarter. Osisko Gold Royalties had a negative net margin of 21.78% and a negative return on equity of 3.15%. As a group, equities analysts anticipate that Osisko Gold Royalties will post 0.6398844 EPS for the current fiscal year.

Osisko Gold Royalties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Friday, June 28th. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.06. Osisko Gold Royalties’s payout ratio is -82.76%.

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.