CIBC Issues Positive Forecast for Osisko Gold Royalties (TSE:OR) Stock Price

Osisko Gold Royalties (TSE:OR) had its price target hoisted by CIBC from C$36.00 to C$39.00 in a research note issued to investors on Monday,BayStreet.CA reports.

Several other research firms have also recently weighed in on OR. Scotiabank upped their target price on Osisko Gold Royalties from C$25.00 to C$27.00 in a research note on Monday, August 19th. TD Securities downgraded Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. BMO Capital Markets lifted their target price on Osisko Gold Royalties from C$27.00 to C$28.00 in a research report on Thursday, November 7th. Raymond James dropped their target price on shares of Osisko Gold Royalties from C$27.50 to C$27.00 in a report on Monday, August 19th. Finally, Stifel Nicolaus lifted their price target on shares of Osisko Gold Royalties from C$29.00 to C$31.00 in a report on Monday, October 21st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$30.25.

Osisko Gold Royalties Trading Down 1.1 %

OR opened at C$26.89 on Monday. The stock has a market capitalization of C$5.01 billion, a price-to-earnings ratio of -53.78, a P/E/G ratio of 1.31 and a beta of 0.90. 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 has a twelve month low of C$17.41 and a twelve month high of C$29.57. The company has a 50-day simple moving average of C$26.81 and a 200 day simple moving average of C$24.25.

Osisko Gold Royalties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.065 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.26 dividend on an annualized basis and a yield of 0.97%. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently -52.00%.

Insider Buying and Selling

In other Osisko Gold Royalties news, Director Duncan Cornell Card sold 10,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of C$27.03, for a total value of C$270,331.00. 0.38% of the stock is owned by corporate insiders.

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.