Osisko Gold Royalties Ltd (TSE:OR) to Issue $0.07 Quarterly Dividend

Osisko Gold Royalties Ltd (TSE:OR) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.065 per share on Wednesday, January 15th. This represents a $0.26 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend is Tuesday, December 31st.

Osisko Gold Royalties Price Performance

The firm has a market cap of C$5.30 billion, a PE ratio of -56.78, a P/E/G ratio of 1.31 and a beta of 0.90. The business’s fifty day moving average is C$25.61 and its 200 day moving average is C$23.65. Osisko Gold Royalties has a twelve month low of C$16.32 and a twelve 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.

Osisko Gold Royalties (TSE:OR) last released its quarterly earnings results on Tuesday, August 6th. The company reported C$0.18 EPS for the quarter, beating the consensus estimate of C$0.17 by C$0.01. The firm had revenue of C$64.85 million for the quarter. Osisko Gold Royalties had a negative net margin of 36.86% and a negative return on equity of 5.46%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on OR. Raymond James cut their target price on Osisko Gold Royalties from C$27.50 to C$27.00 in a research report on Monday, August 19th. TD Securities boosted their target price on Osisko Gold Royalties from C$27.00 to C$31.00 in a research report on Friday, October 18th. Scotiabank boosted their target price on Osisko Gold Royalties from C$25.00 to C$27.00 in a research report on Monday, August 19th. Stifel Nicolaus upped their price objective on Osisko Gold Royalties from C$29.00 to C$31.00 in a research report on Monday, October 21st. Finally, Canaccord Genuity Group upped their price objective on Osisko Gold Royalties from C$30.00 to C$31.00 in a research report on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$29.63.

Insider Buying and Selling at Osisko Gold Royalties

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 shares were sold at an average price of C$24.80, for a total value of C$248,000.00. 0.38% of the stock is currently owned by insiders.

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.