Haywood Securities Lowers Osisko Gold Royalties (TSE:OR) Price Target to C$23.00

Osisko Gold Royalties (TSE:OR – Get Rating) had its target price decreased by Haywood Securities from C$25.00 to C$23.00 in a research report released on Tuesday, BayStreet.CA reports.

OR has been the topic of a number of other research reports. BMO Capital Markets increased their target price on Osisko Gold Royalties from C$18.00 to C$21.00 in a report on Wednesday, February 15th. Raymond James decreased their price objective on Osisko Gold Royalties from C$22.50 to C$22.00 and set an outperform rating on the stock in a report on Monday. National Bankshares raised their price objective on Osisko Gold Royalties from C$22.00 to C$23.00 and gave the stock an outperform rating in a report on Friday, January 13th. Cormark raised their price objective on Osisko Gold Royalties from C$22.00 to C$23.00 in a report on Monday. Finally, Stifel Nicolaus raised their price objective on Osisko Gold Royalties from C$19.50 to C$20.00 in a report on Monday, January 23rd. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of Buy and a consensus target price of C$22.50.

Osisko Gold Royalties Stock Performance

TSE OR opened at C$17.88 on Tuesday. Osisko Gold Royalties has a 1-year low of C$11.90 and a 1-year high of C$18.78. The company has a market capitalization of C$3.29 billion, a P/E ratio of -149.00, a PEG ratio of 1.31 and a beta of 0.70. The business has a 50 day moving average price of C$17.31 and a 200 day moving average price of C$15.61. The company has a debt-to-equity ratio of 8.95, a current ratio of 5.86 and a quick ratio of 0.98.

Osisko Gold Royalties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Friday, March 31st will be given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Thursday, March 30th. Osisko Gold Royalties’s payout ratio is -183.33%.

Insider Transactions at Osisko Gold Royalties

In other news, Director Sean Roosen sold 28,300 shares of Osisko Gold Royalties stock in a transaction dated Friday, December 23rd. The stock was sold at an average price of C$16.72, for a total transaction of C$473,176.00. Following the sale, the director now directly owns 561,644 shares of the company’s stock, valued at C$9,390,687.68. Over the last ninety days, insiders have sold 36,070 shares of company stock valued at $615,592. 0.52% of the stock is currently owned by insiders.

Osisko Gold Royalties Company Profile

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Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and offtake and other interests in Canada and internationally. It also owns options on royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company's primary asset is a 5% net smelter return royalty on the Canadian Malartic mine located in Canada.