Brokerages Set Osisko Gold Royalties Ltd (TSE:OR) PT at C$29.63

Osisko Gold Royalties Ltd (TSE:OR - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eight analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$29.63.

Several research analysts recently issued reports on OR shares. Stifel Nicolaus increased their price objective on Osisko Gold Royalties from C$29.00 to C$31.00 in a research note on Monday, October 21st. National Bankshares increased their price target on Osisko Gold Royalties from C$26.00 to C$28.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 17th. Canaccord Genuity Group increased their price target on Osisko Gold Royalties from C$30.00 to C$31.00 in a research report on Tuesday, July 23rd. BMO Capital Markets raised their price objective on Osisko Gold Royalties from C$27.00 to C$28.00 in a report on Thursday, November 7th. Finally, TD Securities lowered shares of Osisko Gold Royalties from a "buy" rating to a "hold" rating in a report on Monday.

Osisko Gold Royalties Stock Performance

TSE OR traded up C$0.30 during trading hours on Thursday, hitting C$26.11. 249,082 shares of the company's stock traded hands, compared to its average volume of 294,680. The company has a current ratio of 4.92, a quick ratio of 0.98 and a debt-to-equity ratio of 7.00. Osisko Gold Royalties has a 52 week low of C$16.32 and a 52 week high of C$29.57. The business's fifty day moving average price is C$25.83 and its two-hundred day moving average price is C$23.78. The firm has a market capitalization of C$4.86 billion, a P/E ratio of -51.62, a P/E/G ratio of 1.31 and a beta of 0.90.

Osisko Gold Royalties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Tuesday, December 31st. Osisko Gold Royalties's dividend payout ratio (DPR) is -52.00%.

Insider Activity at Osisko Gold Royalties

In related news, Director Duncan Cornell Card sold 10,000 shares of the firm's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of C$27.03, for a total transaction of C$270,331.00. Insiders own 0.38% 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.