Brokerages Set Osisko Gold Royalties Ltd (TSE:OR) PT at C$30.25

Shares of Osisko Gold Royalties Ltd (TSE:OR) have received an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$30.25.

A number of analysts recently commented on OR shares. CIBC lifted their target price on shares of Osisko Gold Royalties from C$36.00 to C$39.00 in a research note on Monday, December 2nd. BMO Capital Markets lifted their price objective on shares of Osisko Gold Royalties from C$27.00 to C$28.00 in a research note on Thursday, November 7th. Stifel Nicolaus upped their target price on Osisko Gold Royalties from C$29.00 to C$31.00 in a research report on Monday, October 21st. Finally, TD Securities lowered Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research note on Monday, November 11th.

Osisko Gold Royalties Price Performance

Shares of TSE OR opened at C$26.81 on Friday. Osisko Gold Royalties has a fifty-two week low of C$17.41 and a fifty-two week high of C$29.57. The company has a debt-to-equity ratio of 7.00, a quick ratio of 0.98 and a current ratio of 4.92. The company has a market cap of C$4.99 billion, a PE ratio of -53.62, a P/E/G ratio of 1.31 and a beta of 0.90. The business has a 50-day simple moving average of C$27.30 and a two-hundred day simple moving average of C$24.96.

Osisko Gold Royalties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Tuesday, December 31st. Osisko Gold Royalties’s payout ratio is -52.00%.

Insiders Place Their Bets

In other news, Director Duncan Cornell Card sold 10,000 shares of Osisko Gold Royalties stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of C$27.03, for a total transaction of C$270,331.00. 0.38% of the stock is owned by 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.