Osisko Gold Royalties Ltd (NYSE:OR) Declares Quarterly Dividend of $0.05

Osisko Gold Royalties Ltd (NYSE:OR) declared a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.0457 per share by the basic materials company on Tuesday, April 15th. This represents a $0.18 annualized dividend and a yield of 0.96%. The ex-dividend date is Monday, March 31st.

Osisko Gold Royalties has raised its dividend by an average of 6.7% per year over the last three years. Osisko Gold Royalties has a dividend payout ratio of 26.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Osisko Gold Royalties to earn $0.71 per share next year, which means the company should continue to be able to cover its $0.18 annual dividend with an expected future payout ratio of 25.4%.

Osisko Gold Royalties Price Performance

Shares of NYSE:OR opened at $19.01 on Friday. The firm has a market capitalization of $3.55 billion, a PE ratio of 211.18 and a beta of 1.02. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.05. Osisko Gold Royalties has a 1-year low of $12.77 and a 1-year high of $21.29. The business’s 50 day moving average is $18.88 and its 200-day moving average is $18.75.

Osisko Gold Royalties (NYSE:OR) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $56.74 million for the quarter, compared to the consensus estimate of $68.31 million. Osisko Gold Royalties had a net margin of 8.50% and a return on equity of 7.94%. Sell-side analysts predict that Osisko Gold Royalties will post 0.63 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on OR. TD Cowen cut shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Royal Bank of Canada upped their price objective on Osisko Gold Royalties from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Finally, TD Securities downgraded Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th.

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.