Osisko Gold Royalties Ltd (NYSE:OR) Receives $22.33 Average Target Price from Analysts

Shares of Osisko Gold Royalties Ltd (NYSE:OR) have been assigned an average rating of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $22.33.

A number of equities research analysts have recently issued reports on the company. Raymond James restated an “outperform” rating on shares of Osisko Gold Royalties in a report on Friday, April 4th. National Bankshares reissued an “outperform” rating on shares of Osisko Gold Royalties in a research report on Wednesday, April 2nd. Royal Bank of Canada dropped their price objective on shares of Osisko Gold Royalties from $24.00 to $23.00 and set an “outperform” rating for the company in a research note on Friday, April 4th. Finally, Scotiabank cut their price objective on shares of Osisko Gold Royalties from $31.00 to $22.00 and set a “sector perform” rating for the company in a report on Thursday, February 27th.

Osisko Gold Royalties Price Performance

NYSE:OR opened at $22.35 on Monday. The stock’s 50-day simple moving average is $19.74 and its 200 day simple moving average is $19.39. Osisko Gold Royalties has a 52-week low of $15.12 and a 52-week high of $22.54. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40. The company has a market cap of $4.17 billion, a P/E ratio of 248.32 and a beta of 0.88.

Osisko Gold Royalties (NYSE:OR) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Osisko Gold Royalties had a net margin of 8.50% and a return on equity of 7.94%. The company had revenue of $56.74 million for the quarter, compared to analysts’ expectations of $68.31 million. As a group, sell-side analysts forecast that Osisko Gold Royalties will post 0.62 EPS for the current fiscal year.

Osisko Gold Royalties Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.0457 per share. This represents a $0.18 annualized dividend and a yield of 0.82%. The ex-dividend date is Monday, March 31st. Osisko Gold Royalties’s payout ratio is 200.00%.

Institutional Investors Weigh In On Osisko Gold Royalties

Several hedge funds and other institutional investors have recently made changes to their positions in OR. SBI Securities Co. Ltd. bought a new position in Osisko Gold Royalties in the 4th quarter valued at approximately $57,000. Generali Investments CEE investicni spolecnost a.s. acquired a new position in Osisko Gold Royalties during the 4th quarter worth about $72,000. Northwest & Ethical Investments L.P. raised its position in shares of Osisko Gold Royalties by 11.0% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company’s stock worth $114,000 after acquiring an additional 626 shares in the last quarter. Employees Retirement System of Texas acquired a new position in Osisko Gold Royalties in the fourth quarter valued at approximately $131,000. Finally, Franklin Resources Inc. boosted its holdings in shares of Osisko Gold Royalties by 4.5% during the 4th quarter. Franklin Resources Inc. now owns 12,282 shares of the basic materials company’s stock worth $222,000 after buying an additional 534 shares in the last quarter. 68.52% of the stock is owned by institutional investors.

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.