Osisko gold royalties’ (OR) “Outperform” Rating Reaffirmed at Raymond James

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Raymond James reaffirmed their outperform rating on shares of Osisko gold royalties (TSE:OR) in a research note released on Friday morning, BayStreet.CA reports. The firm currently has a C$17.50 target price on the stock. Raymond James also issued estimates for Osisko gold royalties’ Q3 2019 earnings at $0.04 EPS, Q4 2019 earnings at $0.05 EPS and FY2019 earnings at $0.18 EPS.

OR has been the topic of a number of other reports. CIBC increased their price target on Osisko gold royalties from C$18.00 to C$18.50 in a report on Monday, July 15th. National Bank Financial restated a sector perform rating and set a C$17.00 price target on shares of Osisko gold royalties in a report on Friday, July 12th. TD Securities increased their price target on Osisko gold royalties from C$16.00 to C$16.50 and gave the stock a hold rating in a report on Friday, July 12th. Desjardins cut Osisko gold royalties from a buy rating to a hold rating in a report on Friday, April 12th. Finally, Canaccord Genuity increased their target price on Osisko gold royalties from C$18.00 to C$18.50 in a report on Friday, July 19th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of C$16.89.

Osisko gold royalties stock opened at C$15.97 on Friday. The company has a market cap of $2.47 billion and a PE ratio of -18.61. Osisko gold royalties has a 52-week low of C$9.27 and a 52-week high of C$16.39. The stock’s 50 day simple moving average is C$14.61. The company has a debt-to-equity ratio of 21.93, a current ratio of 1.96 and a quick ratio of 1.20.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Friday, September 27th. Osisko gold royalties’s dividend payout ratio is currently -23.31%.

Osisko gold royalties Company Profile

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and similar interests in Canada and internationally. Its assets include the 5% net smelter return (NSR) royalty on the Canadian Malartic mine; the 2.0% to 3.5% NSR royalty on the Eleonore mine; a 9.6% diamond stream on the Renard diamond mine; a 4% gold and silver stream on the Brucejack gold; a 3% NSR royalty on the Seabee gold operations located in Saskatchewan, Canada; and the 1.38% to 2.55% NSR royalty on the Island Gold mine.

Further Reading: Why do analysts give a neutral rating?

Analyst Recommendations for Osisko gold royalties (TSE:OR)

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