Osisko Gold Royalties Ltd to Issue Quarterly Dividend of $0.05 (NYSE:OR)

Osisko Gold Royalties Ltd (NYSE:OR - Get Free Report) announced a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.0457 per share by the basic materials company on Tuesday, April 15th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Monday, March 31st.

Osisko Gold Royalties has raised its dividend payment by an average of 6.7% annually over the last three years. Osisko Gold Royalties has a payout ratio of 26.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Osisko Gold Royalties to earn $0.71 per share next year, which means the company should continue to be able to cover its $0.18 annual dividend with an expected future payout ratio of 25.4%.

Osisko Gold Royalties Stock Performance

Shares of OR traded down $0.48 during midday trading on Friday, reaching $18.57. 1,290,640 shares of the stock were exchanged, compared to its average volume of 636,984. Osisko Gold Royalties has a twelve month low of $13.63 and a twelve month high of $21.29. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.05. The company has a market cap of $3.47 billion, a P/E ratio of 206.28 and a beta of 1.02. The stock's 50 day simple moving average is $18.86 and its 200 day simple moving average is $18.77.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. Osisko Gold Royalties had a net margin of 8.50% and a return on equity of 7.94%. The business had revenue of $56.74 million during the quarter, compared to analysts' expectations of $68.31 million. On average, sell-side analysts expect that Osisko Gold Royalties will post 0.62 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on OR shares. TD Securities cut shares of Osisko Gold Royalties from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 11th. TD Cowen cut shares of Osisko Gold Royalties from a "buy" rating to a "hold" rating in a research report on Monday, November 11th. Finally, Royal Bank of Canada upped their price objective on shares of Osisko Gold Royalties from $23.00 to $24.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th.

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.