Osisko Gold Royalties (TSE:OR) Reaches New 52-Week High – Time to Buy?

Osisko Gold Royalties Ltd (TSE:OR) shares reached a new 52-week high during trading on Wednesday . The company traded as high as C$25.79 and last traded at C$25.73, with a volume of 112296 shares changing hands. The stock had previously closed at C$25.56.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on OR shares. Scotiabank boosted their target price on Osisko Gold Royalties from C$25.00 to C$27.00 in a report on Monday, August 19th. TD Securities raised their price target on Osisko Gold Royalties from C$28.00 to C$29.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. Raymond James dropped their price target on Osisko Gold Royalties from C$27.50 to C$27.00 in a research report on Monday, August 19th. Jefferies Financial Group upgraded Osisko Gold Royalties from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. Finally, CIBC upped their price target on Osisko Gold Royalties from C$33.00 to C$34.00 in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$28.50.

Osisko Gold Royalties Stock Performance

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 stock’s 50 day moving average is C$23.94 and its 200 day moving average is C$22.90. The stock has a market capitalization of C$4.95 billion, a price-to-earnings ratio of -53.42, a PEG ratio of 1.31 and a beta of 0.89.

Osisko Gold Royalties (TSE:OR) last announced its earnings results on Tuesday, August 6th. The company reported C$0.18 EPS for the quarter, beating analysts’ consensus estimates of C$0.17 by C$0.01. The firm had revenue of C$64.85 million for the quarter. Osisko Gold Royalties had a negative return on equity of 5.46% and a negative net margin of 36.86%. On average, analysts predict that Osisko Gold Royalties Ltd will post 0.8095548 earnings per share for the current year.

Osisko Gold Royalties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.26 dividend on an annualized basis and a yield of ∞. Osisko Gold Royalties’s dividend payout ratio (DPR) is currently -52.00%.

Insider Transactions at Osisko Gold Royalties

In other news, Director Everard Trenton Richards sold 15,000 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of C$22.19, for a total transaction of C$332,913.00. In other news, Senior Officer André Le Bel sold 10,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$24.80, for a total value of C$248,000.00. Also, Director Everard Trenton Richards sold 15,000 shares of Osisko Gold Royalties 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. Insiders own 0.38% of the company’s stock.

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.