Osisko Gold Royalties (TSE:OR) Cut to “Hold” at TD Securities

TD Securities downgraded shares of Osisko Gold Royalties (TSE:OR) from a buy rating to a hold rating in a research report released on Monday,BayStreet.CA reports.

A number of other research firms have also recently weighed in on OR. 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. BMO Capital Markets boosted their price target on Osisko Gold Royalties from C$27.00 to C$28.00 in a research report on Thursday, November 7th. Stifel Nicolaus raised their price target on Osisko Gold Royalties from C$29.00 to C$31.00 in a report on Monday, October 21st. Scotiabank lifted their price objective on shares of Osisko Gold Royalties from C$25.00 to C$27.00 in a research note on Monday, August 19th. Finally, National Bankshares increased their target price on shares of Osisko Gold Royalties from C$26.00 to C$28.00 and gave the company an “outperform” rating in a research report on Wednesday, July 17th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$29.63.

Osisko Gold Royalties Stock Down 5.3 %

Osisko Gold Royalties stock opened at C$26.65 on Monday. The firm has a market capitalization of C$4.96 billion, a P/E ratio of -52.00, a P/E/G ratio of 1.31 and a beta of 0.90. The company has a 50-day simple moving average of C$25.70 and a 200-day simple moving average of C$23.70. Osisko Gold Royalties has a one year low of C$16.32 and a one year high of C$29.57. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Tuesday, December 31st. Osisko Gold Royalties’s payout ratio is -52.00%.

Insider Activity

In other Osisko Gold Royalties news, Senior Officer André Le Bel sold 10,000 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$24.80, for a total value of C$248,000.00. Insiders own 0.38% of the company’s stock.

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.