Osisko Gold Royalties Ltd (TSE:OR) Receives C$28.50 Average Target Price from Analysts

Osisko Gold Royalties Ltd (TSE:OR) has received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$28.50.

OR has been the subject of several research reports. Jefferies Financial Group raised Osisko Gold Royalties from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. CIBC upped their price objective on shares of Osisko Gold Royalties from C$33.00 to C$34.00 in a research note on Wednesday, July 10th. TD Securities lifted their target price on shares of 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. Canaccord Genuity Group raised their price objective on shares of Osisko Gold Royalties from C$30.00 to C$31.00 in a research note on Tuesday, July 23rd. Finally, National Bankshares boosted their target price on shares of Osisko Gold Royalties from C$26.00 to C$28.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th.

Insider Buying and Selling at Osisko Gold Royalties

In related news, Director Victor Bradley sold 5,000 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of C$23.19, for a total value of C$115,950.00. In other Osisko Gold Royalties news, Director Everard Trenton Richards sold 15,000 shares of Osisko Gold Royalties 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 value of C$332,913.00. Also, Director Victor Bradley sold 5,000 shares of the company’s 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. Corporate insiders own 0.38% of the company’s stock.

Osisko Gold Royalties Trading Down 0.9 %

TSE:OR opened at C$23.28 on Friday. The stock has a market cap of C$4.34 billion, a price-to-earnings ratio of -46.56, a PEG ratio of 1.31 and a beta of 0.88. 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 business has a fifty day moving average of C$23.16 and a 200-day moving average of C$22.18. Osisko Gold Royalties has a 1 year low of C$15.42 and a 1 year high of C$25.19.

Osisko Gold Royalties (TSE:OR) last released its earnings results on Tuesday, August 6th. The company reported C$0.18 earnings per share 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 during the quarter. Equities analysts predict that Osisko Gold Royalties will post 0.66 earnings per share for the current year.

Osisko Gold Royalties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Friday, September 27th. Osisko Gold Royalties’s payout ratio is -52.00%.

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.