BMO Capital Markets Issues Positive Forecast for Osisko Gold Royalties (TSE:OR) Stock Price

Osisko Gold Royalties (TSE:OR) had its target price raised by BMO Capital Markets from C$27.00 to C$28.00 in a report published on Thursday,BayStreet.CA reports.

Several other brokerages also recently weighed in on OR. Jefferies Financial Group upgraded Osisko Gold Royalties from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. Scotiabank increased their price target on shares of Osisko Gold Royalties from C$25.00 to C$27.00 in a research report on Monday, August 19th. Canaccord Genuity Group increased their price target on shares of Osisko Gold Royalties from C$30.00 to C$31.00 in a research report on Tuesday, July 23rd. National Bankshares increased their price target on shares of Osisko Gold Royalties from C$26.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 17th. Finally, Stifel Nicolaus increased their price target on shares of Osisko Gold Royalties from C$29.00 to C$31.00 in a research report on Monday, October 21st. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Osisko Gold Royalties currently has an average rating of “Moderate Buy” and an average price target of C$29.63.

Osisko Gold Royalties Stock Down 0.1 %

TSE OR traded down C$0.04 during trading hours on Thursday, hitting C$28.43. The company had a trading volume of 55,780 shares, compared to its average volume of 291,744. The firm’s 50 day moving average is C$25.61 and its 200 day moving average is C$23.65. The company has a debt-to-equity ratio of 7.00, a current ratio of 4.92 and a quick ratio of 0.98. The company has a market capitalization of C$5.29 billion, a price-to-earnings ratio of -56.78, a P/E/G ratio of 1.31 and a beta of 0.90. Osisko Gold Royalties has a fifty-two week low of C$16.32 and a fifty-two week high of C$29.57.

Osisko Gold Royalties (TSE:OR) last announced its earnings results on Tuesday, August 6th. The company reported C$0.18 earnings per share for the quarter, beating the consensus estimate of C$0.17 by C$0.01. The company had revenue of C$64.85 million during the quarter. Osisko Gold Royalties had a negative return on equity of 5.46% and a negative net margin of 36.86%.

Osisko Gold Royalties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.065 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.26 annualized dividend and a dividend yield of 0.91%. Osisko Gold Royalties’s payout ratio is currently -52.00%.

Insider Buying and Selling at Osisko Gold Royalties

In other Osisko Gold Royalties news, Senior Officer André Le Bel sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of C$24.80, for a total value of C$248,000.00. 0.38% of the stock is owned by company insiders.

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.