Osisko Gold Royalties (TSE:OR) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Osisko Gold Royalties Ltd (TSE:ORGet Free Report) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$26.93 and traded as high as C$27.46. Osisko Gold Royalties shares last traded at C$27.42, with a volume of 53,079 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. BMO Capital Markets lifted 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. Stifel Nicolaus lifted their price target on shares of Osisko Gold Royalties from C$29.00 to C$31.00 in a research note on Monday, October 21st. National Bankshares lifted their price target on shares of Osisko Gold Royalties from C$33.50 to C$35.00 and gave the stock an “outperform” rating in a research note on Thursday, January 9th. CIBC lifted their price target on shares of Osisko Gold Royalties from C$36.00 to C$39.00 in a research note on Monday, December 2nd. Finally, TD Securities downgraded shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$31.13.

Check Out Our Latest Analysis on Osisko Gold Royalties

Osisko Gold Royalties Stock Performance

The company has a market cap of C$5.11 billion, a PE ratio of -54.84, a P/E/G ratio of 1.31 and a beta of 0.90. The company has a debt-to-equity ratio of 7.00, a quick ratio of 0.98 and a current ratio of 4.92. The stock’s 50-day simple moving average is C$26.93 and its 200 day simple moving average is C$25.25.

Osisko Gold Royalties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.065 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.95%. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently -52.00%.

About Osisko Gold Royalties

(Get Free Report)

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.

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