Osisko Gold Royalties (TSE:OR) Reaches New 1-Year High After Analyst Upgrade

Osisko Gold Royalties Ltd (TSE:OR)’s share price hit a new 52-week high during mid-day trading on Tuesday after Stifel Nicolaus raised their price target on the stock from C$33.00 to C$38.00. The stock traded as high as C$33.48 and last traded at C$32.54, with a volume of 156637 shares traded. The stock had previously closed at C$32.31.

Several other equities research analysts also recently commented on the company. Scotiabank raised Osisko Gold Royalties from a “hold” rating to a “strong-buy” rating in a report on Monday, April 14th. National Bankshares lifted their price target on Osisko Gold Royalties from C$34.00 to C$35.50 and gave the stock an “outperform” rating in a report on Wednesday, April 2nd. Finally, TD Securities raised their price objective on Osisko Gold Royalties from C$30.00 to C$35.00 in a research report on Tuesday, April 15th.

Insider Activity

In related news, Director Paul Douglas Martin sold 12,000 shares of the business’s stock in a transaction dated 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 André Le Bel sold 10,000 shares of Osisko Gold Royalties stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of C$27.33, for a total transaction of C$273,250.00. In the last 90 days, insiders sold 64,058 shares of company stock worth $1,898,479. 0.38% of the stock is currently owned by insiders.

Osisko Gold Royalties Stock Performance

The stock has a market cap of C$5.93 billion, a P/E ratio of -107.97, a PEG ratio of 1.31 and a beta of 0.90. The business has a 50 day moving average price of C$28.80 and a 200 day moving average price of C$27.71. The company has a quick ratio of 0.98, a current ratio of 4.40 and a debt-to-equity ratio of 5.29.

Osisko Gold Royalties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 0.82%. Osisko Gold Royalties’s dividend payout ratio is currently -88.33%.

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.