Osisko Gold Royalties (TSE:OR) Sets New 52-Week High – Here’s Why

Osisko Gold Royalties Ltd (TSE:OR) hit a new 52-week high on Tuesday . The company traded as high as C$29.57 and last traded at C$29.23, with a volume of 211159 shares changing hands. The stock had previously closed at C$28.87.

Analysts Set New Price Targets

OR has been the subject of several recent research reports. Stifel Nicolaus boosted their price target on shares of Osisko Gold Royalties from C$29.00 to C$31.00 in a report on Monday, October 21st. TD Securities lifted their price target on Osisko Gold Royalties from C$27.00 to C$31.00 in a report on Friday, October 18th. 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. Canaccord Genuity Group raised their price target on shares of Osisko Gold Royalties from C$30.00 to C$31.00 in a report on Tuesday, July 23rd. Finally, Scotiabank boosted their price objective on shares of Osisko Gold Royalties from C$25.00 to C$27.00 in a research note on Monday, August 19th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$29.13.

Osisko Gold Royalties Stock Performance

The business’s 50-day simple moving average is C$25.15 and its two-hundred day simple moving average is C$23.44. The company has a quick ratio of 0.98, a current ratio of 4.92 and a debt-to-equity ratio of 7.00. The firm has a market cap of C$5.22 billion, a price-to-earnings ratio of -58.48, a P/E/G ratio of 1.31 and a beta of 0.90.

Osisko Gold Royalties (TSE:OR) last posted its quarterly earnings data on Tuesday, August 6th. The company reported C$0.18 EPS for the quarter, beating 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 during the quarter.

Osisko Gold Royalties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were issued a dividend of $0.065 per share. The ex-dividend date was Friday, September 27th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.93%. Osisko Gold Royalties’s payout ratio is currently -52.00%.

Insider Buying and Selling

In other news, Senior Officer André Le Bel sold 10,000 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of C$24.80, for a total transaction of C$248,000.00. In other Osisko Gold Royalties news, Senior Officer André Le Bel sold 10,000 shares of the business’s 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. Also, Director Everard Trenton Richards sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of C$22.19, for a total transaction of C$332,913.00. Over the last ninety days, insiders sold 35,000 shares of company stock worth $851,244. 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.