Osisko Gold Royalties (TSE:OR) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

Osisko Gold Royalties Ltd (TSE:OR)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$30.89 and traded as high as C$32.66. Osisko Gold Royalties shares last traded at C$32.63, with a volume of 344,851 shares changing hands.

Analyst Ratings Changes

OR has been the subject of several recent analyst reports. Scotiabank upgraded shares of Osisko Gold Royalties from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 14th. National Bankshares raised their target price on shares of Osisko Gold Royalties from C$34.00 to C$35.50 and gave the company an “outperform” rating in a research note on Wednesday, April 2nd. TD Securities raised their target price on shares of Osisko Gold Royalties from C$30.00 to C$35.00 in a research note on Tuesday, April 15th. Finally, Stifel Nicolaus raised their target price on shares of Osisko Gold Royalties from C$33.00 to C$38.00 in a research note on Monday, April 21st.

Osisko Gold Royalties Stock Performance

The stock has a market capitalization of C$6.09 billion, a P/E ratio of -110.85, a PEG ratio of 1.31 and a beta of 0.90. The company has a debt-to-equity ratio of 5.29, a quick ratio of 0.98 and a current ratio of 4.40. The company’s fifty day simple moving average is C$30.89 and its two-hundred day simple moving average is C$28.45.

Osisko Gold Royalties Announces Dividend

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

Insider Buying and Selling at Osisko Gold Royalties

In other news, Director Paul Douglas Martin sold 12,000 shares of the firm’s stock in a transaction that occurred on 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, Director Michael David Saynor Spencer sold 4,992 shares of the firm’s stock in a transaction that occurred 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. Insiders have sold a total of 64,058 shares of company stock valued at $1,898,479 in the last three months. 0.38% of the stock is currently owned by company insiders.

Osisko Gold Royalties Company Profile

Osisko is an intermediate precious metal royalty company focused on the Americas that commenced activities in June 2014. Osisko holds a North American focused portfolio of over 175 royalties, streams and precious metal offtakes. Osisko’s portfolio is anchored by its cornerstone asset, a 5% net smelter return royalty on the Canadian Malartic mine, which is the largest gold mine in Canada.