Osisko Gold Royalties Ltd (OR) To Go Ex-Dividend on December 31st

Osisko Gold Royalties Ltd (NYSE:OR) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.048 per share by the basic materials company on Wednesday, January 15th. This represents a $0.19 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Tuesday, December 31st. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.05.

Osisko Gold Royalties has raised its dividend by an average of 5.5% per year over the last three years. Osisko Gold Royalties has a payout ratio of 27.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Osisko Gold Royalties to earn $0.62 per share next year, which means the company should continue to be able to cover its $0.18 annual dividend with an expected future payout ratio of 29.0%.

Osisko Gold Royalties Trading Down 0.5 %

Shares of NYSE:OR opened at $18.36 on Friday. The company has a 50-day simple moving average of $19.54 and a 200 day simple moving average of $18.15. The company has a market capitalization of $3.43 billion, a P/E ratio of -87.43 and a beta of 1.02. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40. Osisko Gold Royalties has a 52-week low of $12.77 and a 52-week high of $21.29.

Analysts Set New Price Targets

A number of research analysts recently weighed in on OR shares. Jefferies Financial Group boosted their target price on Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, October 4th. TD Securities downgraded shares of Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. TD Cowen cut shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Royal Bank of Canada decreased their price target on shares of Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th.

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.