Osisko Gold Royalties Ltd (NYSE:OR) Receives $22.33 Consensus Target Price from Analysts

Osisko Gold Royalties Ltd (NYSE:OR - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the seven research firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $22.33.

Several analysts have recently commented on OR shares. National Bankshares reissued an "outperform" rating on shares of Osisko Gold Royalties in a research note on Wednesday, April 2nd. Raymond James reiterated an "outperform" rating on shares of Osisko Gold Royalties in a research report on Friday, April 4th. Royal Bank of Canada dropped their target price on Osisko Gold Royalties from $24.00 to $23.00 and set an "outperform" rating for the company in a research report on Friday, April 4th. Finally, Scotiabank cut their price target on Osisko Gold Royalties from $31.00 to $22.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 27th.

Osisko Gold Royalties Price Performance

Osisko Gold Royalties stock traded up $0.54 on Monday, reaching $22.35. The company's stock had a trading volume of 1,237,484 shares, compared to its average volume of 702,136. The business's fifty day moving average price is $19.74 and its 200 day moving average price is $19.39. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 248.32 and a beta of 0.88. Osisko Gold Royalties has a twelve month low of $15.12 and a twelve month high of $22.54.

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

Osisko Gold Royalties Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.0457 per share. This represents a $0.18 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Monday, March 31st. Osisko Gold Royalties's payout ratio is 200.00%.

Institutional Investors Weigh In On Osisko Gold Royalties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Addenda Capital Inc. lifted its holdings in shares of Osisko Gold Royalties by 10.3% in the first quarter. Addenda Capital Inc. now owns 42,261 shares of the basic materials company's stock valued at $893,000 after purchasing an additional 3,936 shares in the last quarter. PKO Investment Management Joint Stock Co bought a new stake in shares of Osisko Gold Royalties during the 4th quarter worth about $1,409,000. Employees Retirement System of Texas acquired a new position in shares of Osisko Gold Royalties in the fourth quarter valued at approximately $131,000. Polar Asset Management Partners Inc. lifted its holdings in shares of Osisko Gold Royalties by 22.8% during the fourth quarter. Polar Asset Management Partners Inc. now owns 49,461 shares of the basic materials company's stock worth $895,000 after buying an additional 9,183 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Osisko Gold Royalties by 37.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 578,405 shares of the basic materials company's stock worth $10,469,000 after purchasing an additional 157,943 shares during the period. Institutional investors own 68.52% of the company's stock.

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.