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

Osisko Gold Royalties Ltd (TSE:OR – Get 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

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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.