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

Osisko Gold Royalties Ltd (TSE:OR - Get Free Report)'s stock price reached a new 52-week high on Monday after Stifel Nicolaus raised their price target on the stock from C$29.00 to C$31.00. The company traded as high as C$29.21 and last traded at C$28.99, with a volume of 192433 shares changing hands. The stock had previously closed at C$28.49.

OR has been the topic of several other reports. National Bankshares boosted their target price on shares of Osisko Gold Royalties from C$26.00 to C$28.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 17th. CIBC lifted their price target on Osisko Gold Royalties from C$33.00 to C$34.00 in a research note on Wednesday, July 10th. Raymond James cut their price target on Osisko Gold Royalties from C$27.50 to C$27.00 in a research note on Monday, August 19th. Scotiabank lifted their price target on Osisko Gold Royalties from C$25.00 to C$27.00 in a research note on Monday, August 19th. Finally, Jefferies Financial Group raised shares of Osisko Gold Royalties from a "hold" rating to a "buy" rating in a research note on Friday, July 12th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of C$29.13.

Insider Transactions at Osisko Gold Royalties

In other news, Director Everard Trenton Richards sold 15,000 shares of the business's stock in a transaction dated Friday, August 9th. The stock was sold at an average price of C$22.19, for a total transaction of C$332,913.00. In other Osisko Gold Royalties news, Director Everard Trenton Richards sold 15,000 shares of the company's stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of C$22.19, for a total value of C$332,913.00. Also, Director Duncan Cornell Card sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of C$27.03, for a total value of C$270,331.00. In the last quarter, insiders sold 35,000 shares of company stock worth $851,244. 0.38% of the stock is currently owned by company insiders.

Osisko Gold Royalties Stock Performance

The company has a current ratio of 4.92, a quick ratio of 0.98 and a debt-to-equity ratio of 7.00. The firm has a market capitalization of C$5.40 billion, a price-to-earnings ratio of -57.94, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90. The company has a 50-day moving average of C$24.41 and a 200-day moving average of C$23.16.

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

Osisko Gold Royalties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were given a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend was Friday, September 27th. Osisko Gold Royalties's dividend payout ratio is presently -52.00%.

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.