Osisko Gold Royalties (TSE:OR) Lifted to “Buy” at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Osisko Gold Royalties (TSE:OR) from a hold rating to a buy rating in a research report released on Friday, BayStreet.CA reports.

A number of other brokerages also recently issued reports on OR. Stifel Nicolaus increased their price target on Osisko Gold Royalties from C$27.00 to C$28.00 and gave the stock a buy rating in a research report on Friday, April 19th. Scotiabank lifted their price objective on Osisko Gold Royalties from C$23.00 to C$24.00 in a research note on Thursday, May 23rd. Canaccord Genuity Group increased their price target on Osisko Gold Royalties from C$28.00 to C$30.00 in a report on Tuesday, April 23rd. CIBC increased their price target on Osisko Gold Royalties from C$33.00 to C$34.00 in a report on Wednesday, July 10th. Finally, Raymond James lifted their price objective on shares of Osisko Gold Royalties from C$26.00 to C$28.00 in a research note on Tuesday, April 23rd. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Osisko Gold Royalties has an average rating of Moderate Buy and a consensus price target of C$26.75.

Osisko Gold Royalties Price Performance

TSE OR opened at C$23.46 on Friday. The company has a quick ratio of 0.98, a current ratio of 4.95 and a debt-to-equity ratio of 9.52. Osisko Gold Royalties has a 12-month low of C$15.42 and a 12-month high of C$23.75. The firm’s 50 day moving average is C$22.27 and its 200-day moving average is C$21.09. The company has a market capitalization of C$4.36 billion, a PE ratio of -80.90, a price-to-earnings-growth ratio of 1.31 and a beta of 0.82.

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

Osisko Gold Royalties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.065 dividend. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.06. This represents a $0.26 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Friday, June 28th. Osisko Gold Royalties’s dividend payout ratio (DPR) is currently -82.76%.

Insider Activity at Osisko Gold Royalties

In other Osisko Gold Royalties news, Senior Officer Frédéric Ruel sold 33,700 shares of the stock in a transaction that occurred 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. In other news, Senior Officer Frédéric Ruel sold 33,700 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of C$22.20, for a total value of C$748,140.00. Also, Director Victor Bradley sold 5,000 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of C$22.66, for a total value of C$113,309.00. In the last ninety days, insiders sold 48,700 shares of company stock worth $1,087,670. Corporate 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.