Brokerages Set Osisko Gold Royalties Ltd (TSE:OR) Price Target at C$30.25

Osisko Gold Royalties Ltd (TSE:OR - Get Free Report) has been given an average recommendation of "Moderate Buy" by the seven research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$30.25.

OR has been the subject of a number of research analyst reports. Raymond James dropped their target price on shares of Osisko Gold Royalties from C$27.50 to C$27.00 in a research report on Monday, August 19th. Scotiabank increased their price objective on shares of Osisko Gold Royalties from C$25.00 to C$27.00 in a research report on Monday, August 19th. BMO Capital Markets lifted their target price on shares of Osisko Gold Royalties from C$27.00 to C$28.00 in a report on Thursday, November 7th. TD Securities cut shares of Osisko Gold Royalties from a "buy" rating to a "hold" rating in a research report on Monday, November 11th. Finally, CIBC raised their price objective on Osisko Gold Royalties from C$36.00 to C$39.00 in a research report on Monday, December 2nd.

Insiders Place Their Bets

In other news, Senior Officer André Le Bel sold 10,000 shares of the business's stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$24.80, for a total transaction of C$248,000.00. 0.38% of the stock is currently owned by corporate insiders.

Osisko Gold Royalties Trading Up 2.4 %

Shares of OR stock traded up C$0.66 during trading hours on Monday, hitting C$27.81. 323,093 shares of the company were exchanged, compared to its average volume of 293,777. The firm has a fifty day moving average of C$26.98 and a 200 day moving average of C$24.37. The company has a quick ratio of 0.98, a current ratio of 4.92 and a debt-to-equity ratio of 7.00. Osisko Gold Royalties has a 1 year low of C$17.41 and a 1 year high of C$29.57. The firm has a market cap of C$5.18 billion, a PE ratio of -54.30, a PEG ratio of 1.31 and a beta of 0.90.

Osisko Gold Royalties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Tuesday, December 31st. Osisko Gold Royalties's dividend payout ratio (DPR) is presently -52.00%.

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.