Osisko Gold Royalties Ltd (TSE:OR - Get Free Report) shares hit a new 52-week high during trading on Wednesday 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$33.47 and last traded at C$33.05, with a volume of 206104 shares. The stock had previously closed at C$32.48.
Several other equities analysts have also issued reports on the company. Scotiabank raised Osisko Gold Royalties from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 14th. TD Securities boosted their price objective on shares of Osisko Gold Royalties from C$30.00 to C$35.00 in a report on Tuesday, April 15th. Finally, National Bankshares increased their target price on Osisko Gold Royalties from C$34.00 to C$35.50 and gave the company an "outperform" rating in a research note on Wednesday, April 2nd.
Get Our Latest Stock Report on Osisko Gold Royalties
Insider Buying and Selling at Osisko Gold Royalties
In related news, Senior Officer Iain Wesley Farmer sold 26,100 shares of Osisko Gold Royalties stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of C$32.92, for a total transaction of C$859,219.83. Also, Senior Officer Guy Desharnais sold 5,000 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of C$26.40, for a total value of C$132,006.00. Over the last 90 days, insiders have sold 64,058 shares of company stock valued at $1,898,479. 0.38% of the stock is owned by company insiders.
Osisko Gold Royalties Price Performance
The company has a current ratio of 4.40, a quick ratio of 0.98 and a debt-to-equity ratio of 5.29. The company has a market cap of C$6.08 billion, a P/E ratio of -110.55, a P/E/G ratio of 1.31 and a beta of 0.90. The firm has a 50 day moving average of C$28.60 and a 200-day moving average of C$27.59.
Osisko Gold Royalties Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 0.80%. Osisko Gold Royalties's dividend payout ratio is currently -88.33%.
Osisko Gold Royalties Company Profile
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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.
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