Osisko Gold Royalties (TSE:OR) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Osisko Gold Royalties Ltd (TSE:OR) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$26.93 and traded as high as C$27.46. Osisko Gold Royalties shares last traded at C$27.42, with a volume of 53,079 shares trading hands.

Analyst Upgrades and Downgrades

OR has been the topic of a number of research reports. BMO Capital Markets increased 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. CIBC increased their price objective on shares of Osisko Gold Royalties from C$36.00 to C$39.00 in a research note on Monday, December 2nd. National Bankshares increased their price objective on shares of Osisko Gold Royalties from C$33.50 to C$35.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Stifel Nicolaus increased their price objective on shares of Osisko Gold Royalties from C$29.00 to C$31.00 in a research note on Monday, October 21st. Finally, TD Securities cut shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Osisko Gold Royalties currently has a consensus rating of “Moderate Buy” and an average price target of C$31.13.

Osisko Gold Royalties Price Performance

The company has a market capitalization of C$5.11 billion, a price-to-earnings ratio of -54.84, a PEG ratio of 1.31 and a beta of 0.90. The company’s 50 day simple moving average is C$26.93 and its 200-day simple moving average is C$25.25. The company has a current ratio of 4.92, a quick ratio of 0.98 and a debt-to-equity ratio of 7.00.

Osisko Gold Royalties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.065 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.26 annualized dividend and a dividend yield of 0.95%. Osisko Gold Royalties’s dividend payout ratio is currently -52.00%.

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.