Osisko Gold Royalties (TSE:OR) Sets New 12-Month High on Analyst Upgrade

Shares of Osisko Gold Royalties Ltd (TSE:OR) hit a new 52-week high during mid-day trading on Monday after TD Securities raised their price target on the stock from C$27.00 to C$31.00. The stock traded as high as C$29.21 and last traded at C$28.99, with a volume of 192433 shares trading hands. The stock had previously closed at C$28.49.

A number of other research firms have also commented on OR. Jefferies Financial Group upgraded Osisko Gold Royalties from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. Canaccord Genuity Group increased their target price on Osisko Gold Royalties from C$30.00 to C$31.00 in a report on Tuesday, July 23rd. Raymond James lowered their target price on Osisko Gold Royalties from C$27.50 to C$27.00 in a research note on Monday, August 19th. National Bankshares upped their price target on shares of Osisko Gold Royalties from C$26.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 17th. Finally, CIBC raised their price objective on shares of Osisko Gold Royalties from C$33.00 to C$34.00 in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$28.75.

Insiders Place Their Bets

In related news, Senior Officer André Le Bel sold 10,000 shares of the stock in a transaction that occurred 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. In other Osisko Gold Royalties news, Director Everard Trenton Richards sold 15,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of C$22.19, for a total transaction of C$332,913.00. Also, Senior Officer André Le Bel sold 10,000 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$24.80, for a total value of C$248,000.00. In the last three months, insiders sold 35,000 shares of company stock valued at $851,244. 0.38% of the stock is currently owned by insiders.

Osisko Gold Royalties Price Performance

The company has a 50 day moving average of C$24.29 and a 200 day moving average of C$23.11. The company has a current ratio of 4.92, a quick ratio of 0.98 and a debt-to-equity ratio of 7.00. The firm has a market cap of C$5.40 billion, a price-to-earnings ratio of -56.98, a P/E/G ratio of 1.31 and a beta of 0.90.

Osisko Gold Royalties (TSE:OR) last announced its quarterly 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 return on equity of 5.46% and a negative net margin of 36.86%. The company 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. Shareholders of record on Tuesday, October 15th were paid a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a 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%.

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.