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

Osisko Gold Royalties Ltd (TSE:OR) 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.

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

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.