Stifel Nicolaus Increases Osisko Gold Royalties (TSE:OR) Price Target to C$31.00

Osisko Gold Royalties (TSE:OR) had its price objective raised by Stifel Nicolaus from C$29.00 to C$31.00 in a research note issued to investors on Monday morning, BayStreet.CA reports.

A number of other brokerages have also commented on OR. National Bankshares increased their price target on shares of Osisko Gold Royalties from C$26.00 to C$28.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th. TD Securities raised their price target on Osisko Gold Royalties from C$27.00 to C$31.00 in a research report on Friday, October 18th. CIBC upped their price objective on Osisko Gold Royalties from C$33.00 to C$34.00 in a report on Wednesday, July 10th. Canaccord Genuity Group raised their price objective on Osisko Gold Royalties from C$30.00 to C$31.00 in a report on Tuesday, July 23rd. Finally, Raymond James cut their target price on Osisko Gold Royalties from C$27.50 to C$27.00 in a research note on Monday, August 19th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Osisko Gold Royalties has an average rating of “Moderate Buy” and an average target price of C$29.13.

Osisko Gold Royalties Stock Down 1.1 %

Shares of TSE OR opened at C$28.59 on Monday. The company has a quick ratio of 0.98, a current ratio of 4.92 and a debt-to-equity ratio of 7.00. The company has a market cap of C$5.32 billion, a P/E ratio of -57.18, a P/E/G ratio of 1.31 and a beta of 0.90. Osisko Gold Royalties has a 52 week low of C$16.32 and a 52 week high of C$29.30. The business has a 50-day simple moving average of C$24.69 and a two-hundred day simple moving average of C$23.26.

Osisko Gold Royalties (TSE:OR) last posted its earnings results on Tuesday, August 6th. The company reported C$0.18 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.17 by C$0.01. Osisko Gold Royalties had a negative net margin of 36.86% and a negative return on equity of 5.46%. The business had revenue of C$64.85 million for the quarter.

Osisko Gold Royalties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were given a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Friday, September 27th. Osisko Gold Royalties’s dividend payout ratio is currently -52.00%.

Insiders Place Their Bets

In related news, Director Duncan Cornell Card sold 10,000 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of C$27.03, for a total value of C$270,331.00. In other news, Director Everard Trenton Richards sold 15,000 shares of Osisko Gold Royalties stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of C$22.19, for a total transaction of C$332,913.00. Also, Director Duncan Cornell Card sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of C$27.03, for a total value of C$270,331.00. In the last quarter, insiders have sold 35,000 shares of company stock worth $851,244. 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.