BMO Capital Markets Issues Positive Forecast for Osisko Gold Royalties (TSE:OR) Stock Price

Osisko Gold Royalties (TSE:OR) had its price objective hoisted by BMO Capital Markets from C$27.00 to C$28.00 in a research report report published on Thursday morning,BayStreet.CA reports.

Other equities research analysts have also recently issued reports about the company. TD Securities upped their price target on Osisko Gold Royalties from C$27.00 to C$31.00 in a research note on Friday, October 18th. Scotiabank increased their target price on Osisko Gold Royalties from C$25.00 to C$27.00 in a research report on Monday, August 19th. National Bankshares raised their price target on Osisko Gold Royalties from C$26.00 to C$28.00 and gave the company an “outperform” rating in a report on Wednesday, July 17th. CIBC lifted their target price on Osisko Gold Royalties from C$33.00 to C$34.00 in a report on Wednesday, July 10th. Finally, Jefferies Financial Group raised Osisko Gold Royalties from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$29.63.

Osisko Gold Royalties Price Performance

Shares of TSE OR traded down C$0.04 during midday trading on Thursday, hitting C$28.43. 55,780 shares of the company’s stock were exchanged, compared to its average volume of 291,744. Osisko Gold Royalties has a 12-month low of C$16.32 and a 12-month high of C$29.57. The company has a current ratio of 4.92, a quick ratio of 0.98 and a debt-to-equity ratio of 7.00. The company has a market cap of C$5.29 billion, a price-to-earnings ratio of -56.78, a PEG ratio of 1.31 and a beta of 0.90. The business’s fifty day moving average price is C$25.61 and its two-hundred day moving average price is C$23.65.

Osisko Gold Royalties (TSE:OR) last released 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. The company had revenue of C$64.85 million during the quarter. Osisko Gold Royalties had a negative return on equity of 5.46% and a negative net margin of 36.86%.

Osisko Gold Royalties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid 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 is Tuesday, December 31st. Osisko Gold Royalties’s dividend payout ratio (DPR) is -52.00%.

Insider Activity at Osisko Gold Royalties

In related news, Director Duncan Cornell Card sold 10,000 shares of the company’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. 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.