Osisko Gold Royalties Ltd (TSE:OR) Receives C$26.56 Consensus Target Price from Brokerages

Shares of Osisko Gold Royalties Ltd (TSE:OR) have earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$26.78.

A number of equities research analysts have recently issued reports on OR shares. TD Securities reduced their price target on shares of Osisko Gold Royalties from C$25.00 to C$23.00 and set a “buy” rating on the stock in a research note on Friday, February 23rd. CIBC lifted their price objective on shares of Osisko Gold Royalties from C$28.50 to C$33.00 in a report on Monday, April 15th. Raymond James lifted their price objective on shares of Osisko Gold Royalties from C$26.00 to C$28.00 in a report on Tuesday, April 23rd. Scotiabank boosted their price target on shares of Osisko Gold Royalties from C$23.00 to C$24.00 in a report on Thursday. Finally, Canaccord Genuity Group boosted their price target on shares of Osisko Gold Royalties from C$28.00 to C$30.00 in a report on Tuesday, April 23rd.

Osisko Gold Royalties Stock Performance

TSE:OR opened at C$22.14 on Thursday. The company has a current ratio of 4.95, a quick ratio of 0.98 and a debt-to-equity ratio of 9.52. The company’s 50-day moving average price is C$21.91 and its 200-day moving average price is C$20.20. Osisko Gold Royalties has a twelve month low of C$15.42 and a twelve month high of C$23.11. The company has a market cap of C$4.12 billion, a P/E ratio of -76.34, a P/E/G ratio of 1.31 and a beta of 0.82.

Osisko Gold Royalties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.065 per share. The ex-dividend date is Friday, June 28th. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.06. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.17%. Osisko Gold Royalties’s dividend payout ratio is -82.76%.

Insider Activity at Osisko Gold Royalties

In related news, Director Victor Bradley sold 5,000 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of C$22.05, for a total value of C$110,270.50. In other Osisko Gold Royalties news, Director Victor Bradley sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of C$22.05, for a total transaction of C$110,270.50. Also, Senior Officer Frédéric Ruel sold 33,700 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of C$22.20, for a total transaction of C$748,140.00. In the last three months, insiders have sold 91,884 shares of company stock valued at $2,016,499. Insiders own 0.45% of the company’s stock.

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.