Analysts Set Osisko Gold Royalties Ltd (TSE:OR) Price Target at C$29.63

Osisko Gold Royalties Ltd (TSE:OR) has been given an average recommendation of “Moderate Buy” by the eight analysts that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is C$29.63.

A number of brokerages recently weighed in on OR. Stifel Nicolaus raised their target price on shares of Osisko Gold Royalties from C$29.00 to C$31.00 in a report on Monday, October 21st. Scotiabank raised their price objective on Osisko Gold Royalties from C$25.00 to C$27.00 in a research note on Monday, August 19th. Canaccord Genuity Group boosted their target price on Osisko Gold Royalties from C$30.00 to C$31.00 in a research report on Tuesday, July 23rd. TD Securities lowered Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, BMO Capital Markets boosted their price objective on Osisko Gold Royalties from C$27.00 to C$28.00 in a report on Thursday, November 7th.

Osisko Gold Royalties Stock Performance

Shares of TSE OR opened at C$26.11 on Thursday. Osisko Gold Royalties has a 1 year low of C$16.68 and a 1 year high of C$29.57. The firm has a market cap of C$4.86 billion, a P/E ratio of -52.22, a PEG ratio of 1.31 and a beta of 0.90. The stock has a fifty day moving average price of C$25.94 and a two-hundred day moving average price of C$23.83. The company has a debt-to-equity ratio of 7.00, a quick ratio of 0.98 and a current ratio of 4.92.

Osisko Gold Royalties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Tuesday, December 31st. Osisko Gold Royalties’s dividend payout ratio is -52.00%.

Insider Transactions at Osisko Gold Royalties

In other Osisko Gold Royalties news, Senior Officer André Le Bel sold 10,000 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$24.80, for a total value of C$248,000.00. 0.38% of the stock is currently owned by corporate insiders.

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.