Osisko Gold Royalties (TSE:OR) Given New C$24.00 Price Target at Scotiabank

Osisko Gold Royalties (TSE:OR) had its price objective upped by Scotiabank from C$23.00 to C$24.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports.

Other analysts have also recently issued reports about the company. CIBC boosted their price target on Osisko Gold Royalties from C$28.50 to C$33.00 in a research report on Monday, April 15th. National Bankshares reduced their target price on shares of Osisko Gold Royalties from C$25.00 to C$23.00 and set an outperform rating for the company in a research report on Thursday, February 22nd. Raymond James boosted their price target on shares of Osisko Gold Royalties from C$26.00 to C$28.00 in a research report on Tuesday, April 23rd. Stifel Nicolaus increased their price objective on shares of Osisko Gold Royalties from C$27.00 to C$28.00 and gave the company a buy rating in a report on Friday, April 19th. Finally, Canaccord Genuity Group boosted their target price on Osisko Gold Royalties from C$28.00 to C$30.00 in a report on Tuesday, April 23rd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and an average price target of C$26.78.

Osisko Gold Royalties Trading Down 0.1 %

Shares of OR stock opened at C$22.08 on Thursday. Osisko Gold Royalties has a 1-year low of C$15.42 and a 1-year high of C$23.11. The company has a market cap of C$4.11 billion, a price-to-earnings ratio of -76.14, a PEG ratio of 1.31 and a beta of 0.82. The company has a debt-to-equity ratio of 9.52, a current ratio of 4.95 and a quick ratio of 0.98. The stock has a 50 day simple moving average of C$21.90 and a 200-day simple moving average of C$20.15.

Osisko Gold Royalties (TSE:OR) last posted its quarterly earnings data on Tuesday, February 20th. The company reported C$0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.15 by C$0.01. Osisko Gold Royalties had a negative net margin of 21.78% and a negative return on equity of 3.15%. The business had revenue of C$65.16 million for the quarter. On average, equities research analysts expect that Osisko Gold Royalties will post 0.6161873 EPS for the current fiscal year.

Osisko Gold Royalties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.065 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.26 dividend on an annualized basis and a yield of 1.18%. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.06. Osisko Gold Royalties’s payout ratio is currently -82.76%.

Insider Activity

In related news, Director David Smith bought 10,000 shares of the stock in a transaction on Monday, February 26th. The stock was bought at an average price of C$18.98 per share, with a total value of C$189,800.00. In related news, Senior Officer Iain Wesley Farmer sold 19,600 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of C$22.08, for a total value of C$432,864.04. Also, Director David Smith bought 10,000 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were purchased at an average price of C$18.98 per share, with a total value of C$189,800.00. Insiders have sold a total of 91,884 shares of company stock valued at $2,016,499 in the last quarter. Insiders own 0.45% of the company’s stock.

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.