Scotiabank Boosts Osisko Gold Royalties (TSE:OR) Price Target to C$27.00

Osisko Gold Royalties (TSE:OR) had its price objective hoisted by Scotiabank from C$25.00 to C$27.00 in a research note published on Monday morning, BayStreet.CA reports.

Other equities analysts also recently issued research reports about the company. Raymond James increased their price target on Osisko Gold Royalties from C$26.00 to C$28.00 in a research report on Tuesday, April 23rd. TD Securities upped their price target on shares of Osisko Gold Royalties from C$28.00 to C$29.00 and gave the stock a buy rating in a research report on Monday, July 22nd. Canaccord Genuity Group boosted their price objective on Osisko Gold Royalties from C$30.00 to C$31.00 in a research note on Tuesday, July 23rd. National Bankshares raised their target price on Osisko Gold Royalties from C$26.00 to C$28.00 and gave the company an outperform rating in a research report on Wednesday, July 17th. Finally, Jefferies Financial Group raised Osisko Gold Royalties from a hold rating to a buy rating in a research note on Friday, July 12th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of C$28.50.

Osisko Gold Royalties Trading Up 0.8 %

Shares of Osisko Gold Royalties stock opened at C$23.94 on Monday. The stock has a market cap of C$4.46 billion, a PE ratio of -47.88, a price-to-earnings-growth ratio of 1.31 and a beta of 0.88. The firm has a fifty day moving average price of C$23.01 and a 200 day moving average price of C$22.00. 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 7.00, a current ratio of 4.92 and a quick ratio of 0.98.

Osisko Gold Royalties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.065 per share. The ex-dividend date is Friday, September 27th. This represents a $0.26 dividend on an annualized basis and a yield of 1.09%. Osisko Gold Royalties’s payout ratio is -52.00%.

Insiders Place Their Bets

In other Osisko Gold Royalties news, Director Victor Bradley sold 5,000 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of C$23.19, for a total value of C$115,950.00. In other news, Director Victor Bradley sold 5,000 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of C$23.19, for a total value of C$115,950.00. Also, Director Everard Trenton Richards sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of C$22.19, for a total transaction of C$332,913.00. Over the last 90 days, insiders have sold 25,000 shares of company stock valued at $562,172. 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.