Osisko Gold Royalties (TSE:OR) Sets New 1-Year High - Here's Why

Osisko Gold Royalties Ltd (TSE:OR - Get Free Report)'s share price reached a new 52-week high on Monday . The stock traded as high as C$29.59 and last traded at C$29.54, with a volume of 78895 shares changing hands. The stock had previously closed at C$29.14.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on OR shares. National Bankshares dropped their price target on Osisko Gold Royalties from C$35.00 to C$34.00 and set an "outperform" rating for the company in a research report on Tuesday, February 11th. CIBC raised their target price on shares of Osisko Gold Royalties from C$36.00 to C$39.00 in a report on Monday, December 2nd. Finally, TD Securities reduced their price target on shares of Osisko Gold Royalties from C$31.00 to C$30.00 and set a "hold" rating on the stock in a report on Tuesday, February 25th.

Osisko Gold Royalties Stock Down 0.9 %

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 market cap of C$5.60 billion, a price-to-earnings ratio of -101.92, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90. The firm's 50-day moving average price is C$27.64 and its 200-day moving average price is C$26.75.

Osisko Gold Royalties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 0.87%. Osisko Gold Royalties's dividend payout ratio (DPR) is -88.33%.

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Insider Activity

In other news, Director Paul Douglas Martin sold 12,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of C$25.67, for a total transaction of C$308,040.00. Also, Director Michael David Saynor Spencer sold 5,966 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of C$27.20, for a total transaction of C$162,275.20. Insiders have sold 32,966 shares of company stock worth $875,571 over the last 90 days. Company insiders own 0.38% of the company's stock.

About Osisko Gold Royalties

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.