Osisko Gold Royalties Ltd (TSE:OR) Given Average Recommendation of “Moderate Buy” by Brokerages

Osisko Gold Royalties Ltd (TSE:OR) has received a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$28.50.

A number of research firms have weighed in on OR. TD Securities increased their target price on Osisko Gold Royalties from C$28.00 to C$29.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Raymond James decreased their price objective on Osisko Gold Royalties from C$27.50 to C$27.00 in a research note on Monday, August 19th. CIBC raised their price objective on Osisko Gold Royalties from C$33.00 to C$34.00 in a research note on Wednesday, July 10th. Canaccord Genuity Group raised their price objective on Osisko Gold Royalties from C$30.00 to C$31.00 in a research note on Tuesday, July 23rd. Finally, Jefferies Financial Group raised Osisko Gold Royalties from a “hold” rating to a “buy” rating in a research note on Friday, July 12th.

Osisko Gold Royalties Stock Performance

Shares of OR opened at C$24.96 on Wednesday. The company has a market cap of C$4.65 billion, a PE ratio of -49.92, a price-to-earnings-growth ratio of 1.31 and a beta of 0.89. 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 stock has a 50-day moving average price of C$23.74 and a 200-day moving average price of C$22.65. Osisko Gold Royalties has a 12-month low of C$15.42 and a 12-month high of C$25.36.

Osisko Gold Royalties (TSE:OR) last announced its quarterly earnings results on Tuesday, August 6th. The company reported C$0.18 EPS for the quarter, topping analysts’ consensus estimates of C$0.17 by C$0.01. Osisko Gold Royalties had a negative return on equity of 5.46% and a negative net margin of 36.86%. The business had revenue of C$64.85 million for the quarter.

Osisko Gold Royalties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.065 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.26 dividend on an annualized basis and a yield of 1.04%. Osisko Gold Royalties’s dividend payout ratio is presently -52.00%.

Insider Activity at Osisko Gold Royalties

In other Osisko Gold Royalties news, Senior Officer André Le Bel sold 10,000 shares of Osisko Gold Royalties stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of C$24.80, for a total value of C$248,000.00. In other news, Director Everard Trenton Richards sold 15,000 shares of Osisko Gold Royalties stock in a transaction dated Friday, August 9th. The stock was sold at an average price of C$22.19, for a total transaction of C$332,913.00. Also, Senior Officer André Le Bel sold 10,000 shares of Osisko Gold Royalties stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$24.80, for a total value of C$248,000.00. Company insiders own 0.38% of the company’s stock.

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.