Osisko Gold Royalties Ltd to Issue Quarterly Dividend of $0.07 (TSE:OR)

Osisko Gold Royalties Ltd (TSE:OR) announced a quarterly dividend on Wednesday, February 19th,RTT News reports. Stockholders of record on Monday, March 31st will be paid a dividend of 0.065 per share on Tuesday, April 15th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.94%.

Osisko Gold Royalties Stock Performance

Shares of OR stock opened at C$27.75 on Thursday. The company has a market cap of C$5.18 billion, a P/E ratio of -94.28, a PEG ratio of 1.31 and a beta of 0.90. The firm has a fifty day moving average price of C$27.14 and a 200 day moving average price of C$26.04. The company has a current ratio of 4.40, a quick ratio of 0.98 and a debt-to-equity ratio of 5.29. Osisko Gold Royalties has a 12 month low of C$17.41 and a 12 month high of C$29.59.

Analysts Set New Price Targets

Several research analysts have recently issued reports on OR shares. CIBC upped their price objective on Osisko Gold Royalties from C$36.00 to C$39.00 in a research report on Monday, December 2nd. National Bankshares dropped their price target on shares of Osisko Gold Royalties from C$35.00 to C$34.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th. TD Securities downgraded shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, BMO Capital Markets increased their target price on shares of Osisko Gold Royalties from C$27.00 to C$28.00 in a research report on Thursday, November 7th.

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.