Osisko Gold Royalties (TSE:OR) Given New C$30.00 Price Target at Canaccord Genuity Group

Osisko Gold Royalties (TSE:OR) had its price objective raised by Canaccord Genuity Group from C$28.00 to C$30.00 in a report published on Tuesday morning, BayStreet.CA reports.

OR has been the subject of a number of other research reports. CIBC boosted their price target on Osisko Gold Royalties from C$28.50 to C$33.00 in a research note on Monday, April 15th. TD Securities dropped their price target on Osisko Gold Royalties from C$25.00 to C$23.00 and set a buy rating for the company in a research note on Friday, February 23rd. Raymond James boosted their price target on Osisko Gold Royalties from C$26.00 to C$28.00 in a research note on Tuesday. National Bankshares dropped their price target on Osisko Gold Royalties from C$25.00 to C$23.00 and set an outperform rating for the company in a research note on Thursday, February 22nd. Finally, Stifel Nicolaus boosted their price target on Osisko Gold Royalties from C$27.00 to C$28.00 and gave the company a buy rating in a research note on Friday, April 19th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of C$26.56.

Osisko Gold Royalties Trading Up 1.9 %

Shares of Osisko Gold Royalties stock opened at C$21.55 on Tuesday. The business has a fifty day simple moving average of C$21.10 and a two-hundred day simple moving average of C$19.40. Osisko Gold Royalties has a 1 year low of C$15.42 and a 1 year high of C$24.42. The company has a market capitalization of C$4.00 billion, a price-to-earnings ratio of -82.88, a P/E/G ratio of 1.31 and a beta of 0.79. The company has a debt-to-equity ratio of 12.11, a current ratio of 4.11 and a quick ratio of 0.98.

Osisko Gold Royalties (TSE:OR) last announced its quarterly earnings results on Tuesday, February 20th. The company reported C$0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.15 by C$0.01. Osisko Gold Royalties had a negative return on equity of 2.85% and a negative net margin of 19.55%. The business had revenue of C$65.16 million during the quarter. Research analysts forecast that Osisko Gold Royalties will post 0.5493552 EPS for the current year.

Osisko Gold Royalties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 15th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.24 annualized dividend and a dividend yield of 1.11%. Osisko Gold Royalties’s payout ratio is -92.31%.

Insider Buying and Selling

In related news, Senior Officer Guy Desharnais sold 7,484 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$21.10, for a total transaction of C$157,912.40. In related news, Senior Officer Frédéric Ruel sold 16,100 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of C$21.92, for a total transaction of C$352,912.00. Also, Senior Officer Guy Desharnais sold 7,484 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$21.10, for a total value of C$157,912.40. In the last quarter, insiders have sold 53,184 shares of company stock valued at $1,158,088. Corporate insiders own 0.57% 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.