Osisko Gold Royalties (TSE:OR) Downgraded by TD Securities to “Hold”

TD Securities downgraded shares of Osisko Gold Royalties (TSE:OR) from a buy rating to a hold rating in a report released on Monday,BayStreet.CA reports.

Several other analysts have also recently issued reports on OR. Stifel Nicolaus increased their price objective on Osisko Gold Royalties from C$29.00 to C$31.00 in a research note on Monday, October 21st. Raymond James reduced their price objective on shares of Osisko Gold Royalties from C$27.50 to C$27.00 in a report on Monday, August 19th. BMO Capital Markets boosted their target price on shares of Osisko Gold Royalties from C$27.00 to C$28.00 in a research note on Thursday, November 7th. National Bankshares upped their price objective on Osisko Gold Royalties from C$26.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 17th. Finally, Canaccord Genuity Group boosted their target price on Osisko Gold Royalties from C$30.00 to C$31.00 in a research note on Tuesday, July 23rd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Osisko Gold Royalties has an average rating of “Moderate Buy” and a consensus price target of C$29.63.

Osisko Gold Royalties Trading Down 5.3 %

OR opened at C$26.65 on Monday. The stock has a market capitalization of C$4.96 billion, a PE ratio of -52.00, a P/E/G ratio of 1.31 and a beta of 0.90. Osisko Gold Royalties has a one year low of C$16.32 and a one year high of C$29.57. The business’s 50 day moving average price is C$25.70 and its 200 day moving average price is C$23.70. The company has a debt-to-equity ratio of 7.00, a quick ratio of 0.98 and a current ratio of 4.92.

Osisko Gold Royalties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.065 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.26 dividend on an annualized basis and a yield of 0.98%. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently -52.00%.

Insiders Place Their Bets

In related news, Director Duncan Cornell Card sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of C$27.03, for a total value of C$270,331.00. 0.38% of the stock is owned by company insiders.

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.