Osisko Gold Royalties Ltd (NYSE:OR) Increases Dividend to $0.05 Per Share

Osisko Gold Royalties Ltd (NYSE: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 0.048 per share by the basic materials company on Wednesday, January 15th. This represents a $0.19 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.05.

Osisko Gold Royalties has increased its dividend payment by an average of 5.5% per year over the last three years. Osisko Gold Royalties has a payout ratio of 29.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Osisko Gold Royalties to earn $0.61 per share next year, which means the company should continue to be able to cover its $0.19 annual dividend with an expected future payout ratio of 31.1%.

Osisko Gold Royalties Stock Down 0.7 %

Shares of NYSE:OR opened at $20.40 on Friday. The company has a quick ratio of 4.92, a current ratio of 4.92 and a debt-to-equity ratio of 0.07. The business has a fifty day moving average of $18.96 and a two-hundred day moving average of $17.41. The stock has a market cap of $3.80 billion, a P/E ratio of -57.05 and a beta of 1.03. Osisko Gold Royalties has a 52-week low of $11.89 and a 52-week high of $21.29.

Osisko Gold Royalties (NYSE:OR) last issued its earnings results on Tuesday, August 6th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. The company had revenue of $47.39 million during the quarter. Osisko Gold Royalties had a positive return on equity of 6.80% and a negative net margin of 36.71%. On average, research analysts expect that Osisko Gold Royalties will post 0.48 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Jefferies Financial Group raised their target price on Osisko Gold Royalties from $19.00 to $22.00 and gave the company a “buy” rating in a report on Friday, October 4th. Royal Bank of Canada lowered their target price on Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. Finally, TD Securities upgraded Osisko Gold Royalties to a “strong-buy” rating in a report on Monday, July 22nd.

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.