Analysts Set Osisko Gold Royalties Ltd (TSE:OR) Target Price at C$29.63

Shares of Osisko Gold Royalties Ltd (TSE:OR) have received a consensus rating of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$29.63.

OR has been the subject of a number of analyst reports. Raymond James cut their price objective on Osisko Gold Royalties from C$27.50 to C$27.00 in a report on Monday, August 19th. Stifel Nicolaus lifted their target price on shares of Osisko Gold Royalties from C$29.00 to C$31.00 in a research note on Monday, October 21st. Scotiabank increased their price target on Osisko Gold Royalties from C$25.00 to C$27.00 in a research report on Monday, August 19th. Canaccord Genuity Group lifted their price objective on Osisko Gold Royalties from C$30.00 to C$31.00 in a research report on Tuesday, July 23rd. Finally, BMO Capital Markets increased their target price on Osisko Gold Royalties from C$27.00 to C$28.00 in a report on Thursday, November 7th.

Osisko Gold Royalties Price Performance

Shares of OR stock opened at C$26.11 on Thursday. The stock’s fifty day simple moving average is C$25.94 and its 200 day simple moving average is C$23.83. Osisko Gold Royalties has a one year low of C$16.68 and a one year high of C$29.57. The firm has a market cap of C$4.86 billion, a price-to-earnings ratio of -52.22, 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 current ratio of 4.92 and a quick ratio of 0.98.

Osisko Gold Royalties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Tuesday, December 31st. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently -52.00%.

Insider Buying and Selling

In other Osisko Gold Royalties news, Director Duncan Cornell Card sold 10,000 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of C$27.03, for a total transaction of C$270,331.00. Corporate insiders own 0.38% of the company’s stock.

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.