Osisko Gold Royalties (TSE:OR) Given New C$31.00 Price Target at Stifel Nicolaus

Osisko Gold Royalties (TSE:OR) had its price objective upped by Stifel Nicolaus from C$29.00 to C$31.00 in a report issued on Monday morning, BayStreet.CA reports.

A number of other brokerages also recently issued reports on OR. TD Securities upped their price objective on Osisko Gold Royalties from C$27.00 to C$31.00 in a research note on Friday. CIBC raised their price objective on shares of Osisko Gold Royalties from C$33.00 to C$34.00 in a report on Wednesday, July 10th. Raymond James dropped their target price on shares of Osisko Gold Royalties from C$27.50 to C$27.00 in a research note on Monday, August 19th. Canaccord Genuity Group raised their price target on shares of Osisko Gold Royalties from C$30.00 to C$31.00 in a research note on Tuesday, July 23rd. Finally, Jefferies Financial Group upgraded Osisko Gold Royalties from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. One investment 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 a consensus rating of “Moderate Buy” and a consensus price target of C$29.13.

Osisko Gold Royalties Trading Up 1.7 %

Shares of Osisko Gold Royalties stock opened at C$28.97 on Monday. The company has a market capitalization of C$5.40 billion, a P/E ratio of -57.94, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90. The stock has a fifty day simple moving average of C$24.41 and a 200 day simple moving average of C$23.16. Osisko Gold Royalties has a 12-month low of C$16.32 and a 12-month high of C$29.21. The company has a current ratio of 4.92, a quick ratio of 0.98 and a debt-to-equity ratio of 7.00.

Osisko Gold Royalties (TSE:OR) last posted its earnings results on Tuesday, August 6th. The company reported C$0.18 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter.

Osisko Gold Royalties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were issued a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Friday, September 27th. Osisko Gold Royalties’s payout ratio is currently -52.00%.

Insider Activity

In other news, Director Everard Trenton Richards sold 15,000 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of C$22.19, for a total value of C$332,913.00. In other news, Director Everard Trenton Richards sold 15,000 shares of the company’s stock in a transaction on Friday, August 9th. The shares were 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 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 value of C$270,331.00. Over the last three months, insiders sold 35,000 shares of company stock worth $851,244. 0.38% of the stock is owned by corporate insiders.

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.