Osisko Gold Royalties (TSE:OR) Hits New 52-Week High at $25.22

Osisko Gold Royalties Ltd (TSE:OR) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$25.22 and last traded at C$24.76, with a volume of 117723 shares. The stock had previously closed at C$24.40.

Analyst Ratings Changes

Several research analysts have recently issued reports on OR shares. TD Securities upped their price objective 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. Raymond James cut their price objective on shares of Osisko Gold Royalties from C$27.50 to C$27.00 in a report on Monday, August 19th. National Bankshares upped 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 report on Wednesday, July 17th. Jefferies Financial Group raised shares of Osisko Gold Royalties from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. Finally, Scotiabank boosted their price target on shares of Osisko Gold Royalties from C$25.00 to C$27.00 in a research report on Monday, August 19th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Osisko Gold Royalties has an average rating of “Moderate Buy” and an average target price of C$28.50.

Osisko Gold Royalties Price Performance

The company has a market cap of C$4.55 billion, a price-to-earnings ratio of -48.78, a PEG ratio of 1.31 and a beta of 0.89. The company has a 50-day simple moving average of C$23.65 and a 200-day simple moving average of C$22.57. The company has a debt-to-equity ratio of 7.00, a quick ratio of 0.98 and a current ratio of 4.92.

Osisko Gold Royalties (TSE:OR) last posted its quarterly 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 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Friday, September 27th. Osisko Gold Royalties’s dividend payout ratio is currently -52.00%.

Insider Activity at Osisko Gold Royalties

In other news, Director Everard Trenton Richards sold 15,000 shares of the firm’s 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 transaction of C$332,913.00. 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.