Osisko Gold Royalties (TSE:OR) Hits New 52-Week High After Analyst Upgrade

Osisko Gold Royalties Ltd (TSE:OR) shares reached a new 52-week high during trading on Monday after Stifel Nicolaus raised their price target on the stock from C$29.00 to C$31.00. The stock traded as high as C$29.21 and last traded at C$28.99, with a volume of 192433 shares trading hands. The stock had previously closed at C$28.49.

A number of other equities analysts have also recently weighed in on the company. Raymond James decreased their price target on Osisko Gold Royalties from C$27.50 to C$27.00 in a report on Monday, August 19th. Jefferies Financial Group upgraded Osisko Gold Royalties from a “hold” rating to a “buy” rating in a report on Friday, July 12th. CIBC upped their price target on Osisko Gold Royalties from C$33.00 to C$34.00 in a report on Wednesday, July 10th. TD Securities upped their price target on Osisko Gold Royalties from C$27.00 to C$31.00 in a report on Friday, October 18th. Finally, National Bankshares upped their price target on Osisko Gold Royalties from C$26.00 to C$28.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$29.13.

Insider Buying and Selling at Osisko Gold Royalties

In related news, Director Everard Trenton Richards sold 15,000 shares of the company’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 related news, Director Duncan Cornell Card sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was 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 company’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 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 three months. Corporate insiders own 0.38% of the company’s stock.

Osisko Gold Royalties Stock Performance

The stock has a market capitalization of C$5.43 billion, a P/E ratio of -58.32, a P/E/G ratio of 1.31 and a beta of 0.90. The stock has a 50 day moving average of C$24.55 and a 200 day moving average of C$23.21. 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 issued its quarterly earnings data on Tuesday, August 6th. The company reported C$0.18 EPS for the quarter, topping analysts’ consensus estimates of C$0.17 by C$0.01. The firm had revenue of C$64.85 million during the quarter. Osisko Gold Royalties had a negative return on equity of 5.46% and a negative net margin of 36.86%.

Osisko Gold Royalties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were paid a $0.065 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.26 annualized dividend and a dividend yield of 0.89%. 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.