Osisko Gold Royalties Ltd (TSE:OR) to Issue $0.07 Quarterly Dividend

Osisko Gold Royalties Ltd (TSE:OR) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.065 per share on Wednesday, January 15th. This represents a $0.26 annualized dividend and a yield of ∞. The ex-dividend date of this dividend is Tuesday, December 31st.

Osisko Gold Royalties Price Performance

The stock has a market capitalization of C$5.30 billion, a PE ratio of -56.78, a P/E/G ratio of 1.31 and a beta of 0.90. Osisko Gold Royalties has a 1-year low of C$16.32 and a 1-year high of C$29.57. The business’s 50-day moving average price is C$25.61 and its 200-day moving average price is C$23.65. The company has a quick ratio of 0.98, a current ratio of 4.92 and a debt-to-equity ratio of 7.00.

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Jefferies Financial Group raised shares of Osisko Gold Royalties from a “hold” rating to a “buy” rating in a report on Friday, July 12th. TD Securities increased their target price on shares of Osisko Gold Royalties from C$27.00 to C$31.00 in a report on Friday, October 18th. BMO Capital Markets increased their target price on shares of Osisko Gold Royalties from C$27.00 to C$28.00 in a report on Thursday. National Bankshares increased their target price on shares of Osisko Gold Royalties from C$26.00 to C$28.00 and gave the company an “outperform” rating in a report on Wednesday, July 17th. Finally, Canaccord Genuity Group increased their target price on shares of Osisko Gold Royalties from C$30.00 to C$31.00 in a report on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$29.63.

Insider Activity

In other news, Director Duncan Cornell Card sold 10,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of C$27.03, for a total value of C$270,331.00. Company 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.