Osisko Gold Royalties (TSE:OR) Stock Passes Above Fifty Day Moving Average – Here’s Why

Shares of Osisko Gold Royalties Ltd (TSE:OR) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$26.96 and traded as high as C$27.09. Osisko Gold Royalties shares last traded at C$26.88, with a volume of 194,748 shares.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on OR. BMO Capital Markets increased their price target on shares of Osisko Gold Royalties from C$27.00 to C$28.00 in a research report on Thursday, November 7th. CIBC raised their price target on Osisko Gold Royalties from C$36.00 to C$39.00 in a research report on Monday, December 2nd. TD Securities cut Osisko Gold Royalties from a “buy” rating to a “hold” rating in a report on Monday, November 11th. 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. Finally, National Bankshares boosted their target price on shares of Osisko Gold Royalties from C$33.50 to C$35.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$31.13.

Osisko Gold Royalties Stock Up 1.6 %

The stock has a fifty day moving average price of C$26.96 and a 200-day moving average price of C$25.48. The firm has a market cap of C$5.01 billion, a PE ratio of -53.76, a PEG ratio of 1.31 and a beta of 0.90. 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 (TSE:OR) last posted its earnings results on Wednesday, November 6th. The company reported C$0.15 earnings per share for the quarter, meeting the consensus estimate of C$0.15. Osisko Gold Royalties had a negative net margin of 36.86% and a negative return on equity of 5.46%.

Osisko Gold Royalties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.065 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.97%. Osisko Gold Royalties’s payout ratio is currently -52.00%.

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.