Osisko Gold Royalties (TSE:OR) Hits New 52-Week High – Still a Buy?

Osisko Gold Royalties Ltd (TSE:OR)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as C$30.50 and last traded at C$30.35, with a volume of 114798 shares changing hands. The stock had previously closed at C$29.90.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on OR shares. National Bankshares upped their target price on shares of Osisko Gold Royalties from C$34.00 to C$35.50 and gave the stock an “outperform” rating in a research report on Wednesday. TD Securities dropped their price objective on shares of Osisko Gold Royalties from C$31.00 to C$30.00 and set a “hold” rating for the company in a report on Tuesday, February 25th.

Osisko Gold Royalties Stock Up 0.5 %

The company has a quick ratio of 0.98, a current ratio of 4.40 and a debt-to-equity ratio of 5.29. The company has a 50 day simple moving average of C$27.81 and a two-hundred day simple moving average of C$26.93. The company has a market capitalization of C$5.62 billion, a P/E ratio of -102.26, a PEG ratio of 1.31 and a beta of 0.90.

Osisko Gold Royalties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 0.86%. Osisko Gold Royalties’s dividend payout ratio is presently -88.33%.

Insiders Place Their Bets

In other Osisko Gold Royalties news, Director Paul Douglas Martin sold 12,000 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of C$25.67, for a total value of C$308,040.00. Also, Senior Officer Guy Desharnais sold 5,000 shares of Osisko Gold Royalties stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of C$26.40, for a total value of C$132,006.00. Insiders sold 32,966 shares of company stock valued at $875,571 over the last three months. 0.38% of the stock is owned by company insiders.

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.