Osisko Gold Royalties (TSE:OR) Sets New 52-Week High – Here’s Why

Osisko Gold Royalties Ltd (TSE:OR) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$29.57 and last traded at C$29.23, with a volume of 211159 shares traded. The stock had previously closed at C$28.87.

Wall Street Analysts Forecast Growth

Several research firms have commented on OR. TD Securities lifted their target price on shares of Osisko Gold Royalties from C$27.00 to C$31.00 in a research note on Friday, October 18th. Canaccord Genuity Group lifted their price target on Osisko Gold Royalties from C$30.00 to C$31.00 in a report on Tuesday, July 23rd. CIBC increased their price objective on shares of Osisko Gold Royalties from C$33.00 to C$34.00 in a report on Wednesday, July 10th. Stifel Nicolaus raised their target price on shares of Osisko Gold Royalties from C$29.00 to C$31.00 in a research report on Monday, October 21st. Finally, Scotiabank upped their price target on shares of Osisko Gold Royalties from C$25.00 to C$27.00 in a research report on Monday, August 19th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$29.13.

Osisko Gold Royalties Stock Down 4.2 %

The stock has a fifty day moving average price of C$25.15 and a 200-day moving average price of C$23.44. The firm has a market cap of C$5.22 billion, a PE ratio of -58.48, 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 released its quarterly earnings data on Tuesday, August 6th. The company reported C$0.18 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of C$64.85 million during the quarter.

Osisko Gold Royalties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were given a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Friday, September 27th. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently -52.00%.

Insiders Place Their Bets

In other Osisko Gold Royalties news, Director Everard Trenton Richards sold 15,000 shares of the 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 value of C$332,913.00. In other news, Director Duncan Cornell Card sold 10,000 shares of Osisko Gold Royalties stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of C$27.03, for a total transaction of C$270,331.00. Also, Director Everard Trenton Richards sold 15,000 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of C$22.19, for a total value of C$332,913.00. Insiders have sold a total of 35,000 shares of company stock worth $851,244 over the last quarter. 0.38% of the stock is owned by corporate insiders.

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.