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

Osisko Gold Royalties Ltd (TSE:OR - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The stock traded as high as C$30.50 and last traded at C$30.35, with a volume of 114798 shares trading hands. The stock had previously closed at C$29.90.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on OR. TD Securities cut their price objective on Osisko Gold Royalties from C$31.00 to C$30.00 and set a "hold" rating for the company in a research report on Tuesday, February 25th. National Bankshares increased their target price on shares of Osisko Gold Royalties from C$34.00 to C$35.50 and gave the stock an "outperform" rating in a research note on Wednesday.

Osisko Gold Royalties Stock Down 4.7 %

The firm has a market cap of C$5.26 billion, a PE ratio of -95.77, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90. The company has a quick ratio of 0.98, a current ratio of 4.40 and a debt-to-equity ratio of 5.29. The business has a 50-day moving average price of C$27.91 and a two-hundred day moving average price of C$27.00.

Osisko Gold Royalties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 0.92%. Osisko Gold Royalties's payout ratio is presently -88.33%.

Insiders Place Their Bets

In other Osisko Gold Royalties news, Director Paul Douglas Martin sold 12,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of C$25.67, for a total value of C$308,040.00. Also, Senior Officer André Le Bel sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of C$27.33, for a total transaction of C$273,250.00. Insiders sold 32,966 shares of company stock worth $875,571 in the last 90 days. Corporate insiders own 0.38% of the company's stock.

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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.