Osisko Gold Royalties (TSE:OR) Price Target Lowered to C$27.00 at Raymond James

Osisko Gold Royalties (TSE:OR) had its price target lowered by Raymond James from C$27.50 to C$27.00 in a research note released on Monday, BayStreet.CA reports.

OR has been the topic of several other research reports. National Bankshares raised their target price on Osisko Gold Royalties from C$26.00 to C$28.00 and gave the stock an outperform rating in a research report on Wednesday, July 17th. Canaccord Genuity Group raised their target price on Osisko Gold Royalties from C$30.00 to C$31.00 in a research report on Tuesday, July 23rd. CIBC raised their target price on Osisko Gold Royalties from C$33.00 to C$34.00 in a research report on Wednesday, July 10th. TD Securities raised their target price on Osisko Gold Royalties from C$28.00 to C$29.00 and gave the stock a buy rating in a research report on Monday, July 22nd. Finally, Scotiabank raised their target price on Osisko Gold Royalties from C$25.00 to C$27.00 in a research report on Monday. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Osisko Gold Royalties presently has a consensus rating of Moderate Buy and an average price target of C$28.50.

Osisko Gold Royalties Price Performance

OR stock opened at C$23.67 on Monday. The company has a debt-to-equity ratio of 7.00, a current ratio of 4.92 and a quick ratio of 0.98. The firm has a market capitalization of C$4.41 billion, a P/E ratio of -47.34, a P/E/G ratio of 1.31 and a beta of 0.88. The business’s 50-day moving average is C$22.97 and its two-hundred day moving average is C$21.96. Osisko Gold Royalties has a 1 year low of C$15.42 and a 1 year high of C$25.19.

Osisko Gold Royalties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.065 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.26 dividend on an annualized basis and a yield of 1.10%. Osisko Gold Royalties’s dividend payout ratio is presently -52.00%.

Insider Buying and Selling

In related news, Director Everard Trenton Richards sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of C$22.19, for a total transaction of C$332,913.00. In other Osisko Gold Royalties news, Director Victor Bradley sold 5,000 shares of Osisko Gold Royalties stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of C$23.19, for a total value of C$115,950.00. Also, Director Everard Trenton Richards sold 15,000 shares of Osisko Gold Royalties stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of C$22.19, for a total value of C$332,913.00. Insiders have sold 25,000 shares of company stock worth $562,172 in the last quarter. 0.38% of the stock is owned by insiders.

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.