Osisko Gold Royalties (TSE:OR) Sets New 52-Week High on Analyst Upgrade

Osisko Gold Royalties Ltd (TSE:OR - Get Free Report) shares reached a new 52-week high on Tuesday after Stifel Nicolaus raised their price target on the stock from C$33.00 to C$38.00. The stock traded as high as C$33.48 and last traded at C$32.54, with a volume of 156637 shares. The stock had previously closed at C$32.31.

Several other analysts have also weighed in on the stock. TD Securities boosted their target price on shares of Osisko Gold Royalties from C$30.00 to C$35.00 in a research note on Tuesday, April 15th. National Bankshares boosted their price objective on shares of Osisko Gold Royalties from C$34.00 to C$35.50 and gave the company an "outperform" rating in a research report on Wednesday, April 2nd. Finally, Scotiabank raised shares of Osisko Gold Royalties from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th.

Insiders Place Their Bets

In related news, Senior Officer Iain Wesley Farmer sold 26,100 shares of Osisko Gold Royalties stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of C$32.92, for a total transaction of C$859,219.83. Also, Director Paul Douglas Martin sold 12,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of C$25.67, for a total transaction of C$308,040.00. In the last 90 days, insiders sold 64,058 shares of company stock worth $1,898,479. Insiders own 0.38% of the company's stock.

Osisko Gold Royalties Stock Performance

The stock has a market cap of C$6.05 billion, a P/E ratio of -110.04, a PEG ratio of 1.31 and a beta of 0.90. The company has a debt-to-equity ratio of 5.29, a current ratio of 4.40 and a quick ratio of 0.98. The company has a fifty day moving average of C$28.98 and a 200 day moving average of C$27.82.

Osisko Gold Royalties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.80%. Osisko Gold Royalties's dividend payout ratio is presently -88.33%.

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.