Osisko Gold Royalties (TSE:OR) Price Target Raised to C$31.00 at TD Securities

Osisko Gold Royalties (TSE:OR) had its target price upped by TD Securities from C$27.00 to C$31.00 in a report released on Friday, BayStreet.CA reports.

Several other research firms have also commented on OR. CIBC lifted their price target on shares of Osisko Gold Royalties from C$33.00 to C$34.00 in a research report on Wednesday, July 10th. Raymond James decreased their price target on Osisko Gold Royalties from C$27.50 to C$27.00 in a research note on Monday, August 19th. Scotiabank increased their price target on Osisko Gold Royalties from C$25.00 to C$27.00 in a report on Monday, August 19th. Jefferies Financial Group upgraded shares of Osisko Gold Royalties from a “hold” rating to a “buy” rating in a report on Friday, July 12th. Finally, National Bankshares increased their target price on shares of Osisko Gold Royalties from C$26.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 17th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Osisko Gold Royalties presently has an average rating of “Moderate Buy” and an average target price of C$28.75.

Osisko Gold Royalties Stock Performance

OR opened at C$28.49 on Friday. Osisko Gold Royalties has a twelve month low of C$16.32 and a twelve month high of C$28.75. The firm has a market capitalization of C$5.31 billion, a PE ratio of -56.98, a PEG ratio of 1.31 and a beta of 0.90. 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’s 50-day moving average price is C$24.29 and its 200 day moving average price is C$23.10.

Osisko Gold Royalties (TSE:OR) last issued its earnings results on Tuesday, August 6th. The company reported C$0.18 earnings per share for the quarter, topping the consensus estimate of C$0.17 by C$0.01. The business 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%.

Osisko Gold Royalties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were paid a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Friday, September 27th. Osisko Gold Royalties’s payout ratio is -52.00%.

Insider Buying and Selling

In related news, Director Everard Trenton Richards sold 15,000 shares of Osisko Gold Royalties stock in a transaction on Friday, August 9th. The stock was sold at an average price of C$22.19, for a total value of C$332,913.00. In other Osisko Gold Royalties news, Director Duncan Cornell Card sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of C$27.03, for a total transaction of C$270,331.00. Also, Director Everard Trenton Richards sold 15,000 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of C$22.19, for a total transaction of C$332,913.00. Insiders have sold a total of 35,000 shares of company stock valued at $851,244 in the last ninety days. Company insiders own 0.38% of the company’s stock.

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.