Osisko Gold Royalties (TSE:OR) Sets New 12-Month High – Here’s What Happened

Shares of Osisko Gold Royalties Ltd (TSE:OR) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$29.59 and last traded at C$29.54, with a volume of 78895 shares trading hands. The stock had previously closed at C$29.14.

Analyst Ratings Changes

A number of research analysts have issued reports on OR shares. TD Securities decreased their target price on Osisko Gold Royalties from C$31.00 to C$30.00 and set a “hold” rating for the company in a research note on Tuesday, February 25th. 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, National Bankshares lowered their price objective on shares of Osisko Gold Royalties from C$35.00 to C$34.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th.

Osisko Gold Royalties Stock Performance

The stock’s 50-day moving average price is C$27.39 and its 200 day moving average price is C$26.63. The firm has a market cap of C$5.51 billion, a P/E ratio of -100.15, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90. The company has a debt-to-equity ratio of 5.29, a current ratio of 4.40 and a quick ratio of 0.98.

Osisko Gold Royalties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 0.88%. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently -88.33%.

Insider Activity

In other Osisko Gold Royalties news, Director Paul Douglas Martin sold 12,000 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of C$25.67, for a total transaction of C$308,040.00. Also, Senior Officer Guy Desharnais sold 5,000 shares of Osisko Gold Royalties stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of C$26.40, for a total transaction of C$132,006.00. Insiders sold 32,966 shares of company stock worth $875,571 in the last quarter. Corporate insiders own 0.38% of the company’s stock.

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.