Osisko Gold Royalties Ltd Announces Quarterly Dividend of $0.05 (NYSE:OR)

Osisko Gold Royalties Ltd (NYSE:OR) declared a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Investors of record on Monday, March 31st will be paid a dividend of 0.0457 per share by the basic materials company on Tuesday, April 15th. This represents a $0.18 annualized dividend and a yield of 0.96%. The ex-dividend date is Monday, March 31st.

Osisko Gold Royalties has raised its dividend payment by an average of 6.7% per year over the last three years. Osisko Gold Royalties has a dividend payout ratio of 26.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Osisko Gold Royalties to earn $0.63 per share next year, which means the company should continue to be able to cover its $0.18 annual dividend with an expected future payout ratio of 28.6%.

Osisko Gold Royalties Price Performance

OR traded down $0.50 during midday trading on Thursday, hitting $19.01. The company had a trading volume of 1,362,651 shares, compared to its average volume of 587,435. Osisko Gold Royalties has a twelve month low of $12.77 and a twelve month high of $21.29. The company has a market capitalization of $3.55 billion, a PE ratio of -90.50 and a beta of 1.02. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40. The firm’s 50-day simple moving average is $18.88 and its 200-day simple moving average is $18.75.

Osisko Gold Royalties (NYSE:OR) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Osisko Gold Royalties had a negative net margin of 22.04% and a positive return on equity of 7.27%. The business had revenue of $56.74 million during the quarter, compared to analyst estimates of $68.31 million. Equities research analysts predict that Osisko Gold Royalties will post 0.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. TD Securities cut Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. TD Cowen lowered shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Royal Bank of Canada lifted their price target on shares of Osisko Gold Royalties from $23.00 to $24.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th.

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.