Osisko Gold Royalties (TSE:OR) Sets New 52-Week High at $18.92

Osisko Gold Royalties Ltd (TSE:ORGet Rating) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$18.92 and last traded at C$18.74, with a volume of 154406 shares trading hands. The stock had previously closed at C$18.04.

Analysts Set New Price Targets

Several research firms recently commented on OR. Stifel Nicolaus raised their price target on shares of Osisko Gold Royalties from C$19.50 to C$20.00 in a research report on Monday, January 23rd. Haywood Securities dropped their target price on Osisko Gold Royalties from C$25.00 to C$23.00 in a research report on Tuesday, February 28th. TD Securities lowered their price target on Osisko Gold Royalties from C$24.00 to C$22.00 and set a “buy” rating on the stock in a research report on Tuesday, February 28th. National Bankshares boosted their price objective on Osisko Gold Royalties from C$22.00 to C$23.00 and gave the company an “outperform” rating in a research report on Friday, January 13th. Finally, Cormark upped their target price on Osisko Gold Royalties from C$22.00 to C$23.00 in a research note on Monday, February 27th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Osisko Gold Royalties has a consensus rating of “Buy” and a consensus price target of C$22.50.

Osisko Gold Royalties Stock Performance

The company has a quick ratio of 0.98, a current ratio of 5.86 and a debt-to-equity ratio of 8.95. The firm has a 50-day moving average price of C$17.66 and a two-hundred day moving average price of C$15.97. The firm has a market cap of C$3.55 billion, a PE ratio of 41.00, a P/E/G ratio of 1.31 and a beta of 0.67.

Osisko Gold Royalties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Friday, March 31st will be issued a $0.055 dividend. The ex-dividend date is Thursday, March 30th. This represents a $0.22 dividend on an annualized basis and a yield of 1.14%. Osisko Gold Royalties’s payout ratio is currently 46.81%.

Insiders Place Their Bets

In other news, Director Sean Roosen sold 28,300 shares of the stock in a transaction dated Friday, December 23rd. The shares were sold at an average price of C$16.72, for a total value of C$473,176.00. Following the completion of the sale, the director now directly owns 561,644 shares in the company, valued at C$9,390,687.68. Insiders have sold a total of 36,070 shares of company stock valued at $615,592 in the last 90 days. 0.52% of the stock is owned by insiders.

Osisko Gold Royalties Company Profile

(Get Rating)

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.

Further Reading

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