TD Securities Raises Osisko Gold Royalties (TSE:OR) Price Target to C$29.00

Osisko Gold Royalties (TSE:OR) had its price objective hoisted by TD Securities from C$28.00 to C$29.00 in a research note released on Monday morning, MarketBeat.com reports. The firm currently has a buy rating on the stock.

Several other equities analysts also recently commented on OR. Raymond James boosted their price target on shares of Osisko Gold Royalties from C$26.00 to C$28.00 in a research note on Tuesday, April 23rd. Canaccord Genuity Group raised their price target on Osisko Gold Royalties from C$28.00 to C$30.00 in a research note on Tuesday, April 23rd. National Bankshares upped their price objective on Osisko Gold Royalties from C$26.00 to C$28.00 and gave the company an outperform rating in a research note on Wednesday, July 17th. CIBC increased their price target on shares of Osisko Gold Royalties from C$33.00 to C$34.00 in a report on Wednesday, July 10th. Finally, Jefferies Financial Group upgraded shares of Osisko Gold Royalties from a hold rating to a buy rating in a research report on Friday, July 12th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Osisko Gold Royalties currently has a consensus rating of Moderate Buy and an average price target of C$28.38.

Osisko Gold Royalties Price Performance

Shares of OR opened at C$23.64 on Monday. The firm has a 50-day simple moving average of C$22.70 and a two-hundred day simple moving average of C$21.42. The stock has a market cap of C$4.40 billion, a PE ratio of -81.52, a P/E/G ratio of 1.31 and a beta of 0.82. Osisko Gold Royalties has a 1-year low of C$15.42 and a 1-year high of C$25.19. The company has a debt-to-equity ratio of 9.52, a current ratio of 4.95 and a quick ratio of 0.98.

Osisko Gold Royalties (TSE:OR) last issued its quarterly earnings data on Wednesday, May 8th. The company reported C$0.16 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.15 by C$0.01. Osisko Gold Royalties had a negative return on equity of 3.15% and a negative net margin of 21.78%. The business had revenue of C$60.75 million during the quarter. As a group, analysts forecast that Osisko Gold Royalties will post 0.6398844 EPS for the current year.

Osisko Gold Royalties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were paid a dividend of $0.065 per share. The ex-dividend date was Friday, June 28th. This represents a $0.26 dividend on an annualized basis and a yield of 1.10%. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.06. Osisko Gold Royalties’s dividend payout ratio (DPR) is currently -82.76%.

Insider Activity

In other Osisko Gold Royalties news, Director Victor Bradley sold 5,000 shares of Osisko Gold Royalties stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of C$22.05, for a total transaction of C$110,270.50. In other Osisko Gold Royalties news, Senior Officer Frédéric Ruel sold 33,700 shares of the stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of C$22.20, for a total transaction of C$748,140.00. Also, Director Victor Bradley sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of C$22.05, for a total value of C$110,270.50. Insiders sold 48,700 shares of company stock valued at $1,087,670 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.