Osisko Gold Royalties (TSE:OR) Sets New 12-Month High – Here’s Why

Osisko Gold Royalties Ltd (TSE:OR) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$25.79 and last traded at C$25.73, with a volume of 112296 shares changing hands. The stock had previously closed at C$25.56.

Analyst Ratings Changes

Several brokerages have recently weighed in on OR. Raymond James decreased their target price on shares of Osisko Gold Royalties from C$27.50 to C$27.00 in a research report on Monday, August 19th. Scotiabank increased their target price on Osisko Gold Royalties from C$25.00 to C$27.00 in a report on Monday, August 19th. CIBC lifted their price target on Osisko Gold Royalties from C$33.00 to C$34.00 in a report on Wednesday, July 10th. Canaccord Genuity Group increased their price objective on shares of Osisko Gold Royalties from C$30.00 to C$31.00 in a report on Tuesday, July 23rd. Finally, TD Securities boosted their target price on shares of Osisko Gold Royalties from C$28.00 to C$29.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Osisko Gold Royalties presently has an average rating of “Moderate Buy” and a consensus target price of C$28.50.

Osisko Gold Royalties Stock Up 1.1 %

The company has a current ratio of 4.92, a quick ratio of 0.98 and a debt-to-equity ratio of 7.00. The company has a market capitalization of C$4.81 billion, a P/E ratio of -49.92, a PEG ratio of 1.31 and a beta of 0.89. The firm’s 50 day moving average price is C$23.86 and its two-hundred day moving average price is C$22.85.

Osisko Gold Royalties (TSE:OR) last released its earnings results on Tuesday, August 6th. The company reported C$0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.17 by C$0.01. The business had revenue of C$64.85 million for the quarter. Osisko Gold Royalties had a negative return on equity of 5.46% and a negative net margin of 36.86%. Equities research analysts forecast that Osisko Gold Royalties Ltd will post 0.8095548 EPS for the current year.

Osisko Gold Royalties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th will be paid a $0.065 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.26 annualized dividend and a yield of 1.01%. Osisko Gold Royalties’s dividend payout ratio (DPR) is currently -52.00%.

Insider Activity

In other Osisko Gold Royalties news, Director Everard Trenton Richards sold 15,000 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of C$22.19, for a total value of C$332,913.00. In other news, Senior Officer André Le Bel sold 10,000 shares of Osisko Gold Royalties stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$24.80, for a total transaction of C$248,000.00. Also, Director Everard Trenton Richards sold 15,000 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of C$22.19, for a total transaction of C$332,913.00. 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.