Osisko Gold Royalties Ltd Declares Quarterly Dividend of $0.07 (TSE:OR)

Osisko Gold Royalties Ltd (TSE:OR) announced a quarterly dividend on Wednesday, February 19th,RTT News reports. Shareholders of record on Monday, March 31st will be paid a dividend of 0.065 per share on Tuesday, April 15th. This represents a $0.26 dividend on an annualized basis and a yield of 0.94%.

Osisko Gold Royalties Stock Down 1.1 %

Shares of OR traded down C$0.30 during trading hours on Wednesday, reaching C$27.75. The company’s stock had a trading volume of 454,273 shares, compared to its average volume of 295,574. The company has a 50 day moving average of C$27.14 and a two-hundred day moving average of C$26.04. 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 firm has a market cap of C$5.18 billion, a price-to-earnings ratio of -94.28, a P/E/G ratio of 1.31 and a beta of 0.90. Osisko Gold Royalties has a 1-year low of C$17.41 and a 1-year high of C$29.59.

Analysts Set New Price Targets

OR has been the subject of several research reports. National Bankshares reduced their price target on Osisko Gold Royalties from C$35.00 to C$34.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. TD Securities downgraded shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. BMO Capital Markets increased their price target on shares of Osisko Gold Royalties from C$27.00 to C$28.00 in a research note on Thursday, November 7th. Finally, CIBC lifted their price objective on shares of Osisko Gold Royalties from C$36.00 to C$39.00 in a research note on Monday, December 2nd.

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.