Osisko Gold Royalties (TSE:OR) Share Price Passes Above 50 Day Moving Average - Should You Sell?

Osisko Gold Royalties Ltd (TSE:OR - Get Free Report)'s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$25.61 and traded as high as C$28.30. Osisko Gold Royalties shares last traded at C$28.25, with a volume of 559,563 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Raymond James lowered their price target on shares of Osisko Gold Royalties from C$27.50 to C$27.00 in a report on Monday, August 19th. TD Securities boosted their price target on Osisko Gold Royalties from C$27.00 to C$31.00 in a report on Friday, October 18th. Canaccord Genuity Group increased their price target on Osisko Gold Royalties from C$30.00 to C$31.00 in a research note on Tuesday, July 23rd. Scotiabank lifted their price objective on Osisko Gold Royalties from C$25.00 to C$27.00 in a research report on Monday, August 19th. Finally, CIBC increased their target price on Osisko Gold Royalties from C$33.00 to C$34.00 in a research report on Wednesday, July 10th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of C$29.63.

Osisko Gold Royalties Stock Performance

The company has a debt-to-equity ratio of 7.00, a quick ratio of 0.98 and a current ratio of 4.92. The company has a market capitalization of C$5.30 billion, a PE ratio of -56.78, a P/E/G ratio of 1.31 and a beta of 0.90. The business has a fifty day moving average price of C$25.61 and a 200 day moving average price of C$23.65.

Osisko Gold Royalties (TSE:OR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported C$0.18 earnings per share for the quarter, beating analysts' consensus estimates of C$0.17 by C$0.01. Osisko Gold Royalties had a negative net margin of 36.86% and a negative return on equity of 5.46%. The firm had revenue of C$64.85 million for the quarter.

Osisko Gold Royalties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were paid a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date was Friday, September 27th. Osisko Gold Royalties's dividend payout ratio is presently -52.00%.

Insider Buying and Selling

In related news, Director Duncan Cornell Card sold 10,000 shares of Osisko Gold Royalties 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. In other Osisko Gold Royalties news, Director Everard Trenton Richards sold 15,000 shares of the firm's stock in a transaction on Friday, August 9th. The shares were sold at an average price of C$22.19, for a total transaction of C$332,913.00. Also, Director Duncan Cornell Card sold 10,000 shares of the company's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of C$27.03, for a total transaction of C$270,331.00. In the last ninety days, insiders have sold 35,000 shares of company stock valued at $851,244. Corporate 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.