TD Securities Issues Positive Forecast for Osisko Gold Royalties (TSE:OR) Stock Price

Osisko Gold Royalties (TSE:OR) had its price target hoisted by TD Securities from C$30.00 to C$35.00 in a research report sent to investors on Tuesday,BayStreet.CA reports.

A number of other brokerages have also commented on OR. National Bankshares raised their price target on Osisko Gold Royalties from C$34.00 to C$35.50 and gave the stock an “outperform” rating in a research note on Wednesday, April 2nd. Scotiabank raised shares of Osisko Gold Royalties from a “hold” rating to a “strong-buy” rating in a research report on Monday. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$31.69.

Osisko Gold Royalties Stock Down 1.7 %

Shares of TSE:OR opened at C$32.31 on Tuesday. Osisko Gold Royalties has a 1 year low of C$20.67 and a 1 year high of C$33.47. The company has a debt-to-equity ratio of 5.29, a current ratio of 4.40 and a quick ratio of 0.98. The stock’s 50-day moving average is C$28.52 and its 200 day moving average is C$27.51. The company has a market cap of C$6.03 billion, a PE ratio of -109.77, a P/E/G ratio of 1.31 and a beta of 0.90.

Osisko Gold Royalties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 0.80%. Osisko Gold Royalties’s payout ratio is -88.33%.

Insider Activity at Osisko Gold Royalties

In other news, Director Michael David Saynor Spencer sold 4,992 shares of the firm’s stock in a transaction on Thursday, April 17th. The stock was sold at an average price of C$32.79, for a total transaction of C$163,687.68. Also, Senior Officer Guy Desharnais sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of C$26.40, for a total transaction of C$132,006.00. Insiders sold a total of 64,058 shares of company stock valued at $1,898,479 in the last three months. Company 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.