Osisko gold royalties Ltd (TSE:OR) declared a quarterly dividend on Friday, August 4th, Zacks reports. Investors of record on Saturday, September 30th will be given a dividend of 0.05 per share on Monday, October 16th. This represents a $0.20 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Thursday, September 28th. This is an increase from Osisko gold royalties’s previous quarterly dividend of $0.03.

Osisko gold royalties (TSE:OR) traded up 0.56% during trading on Friday, reaching $16.22. 128,812 shares of the company were exchanged. The firm’s 50 day moving average is $16.46 and its 200 day moving average is $15.54. Osisko gold royalties has a 52-week low of $11.90 and a 52-week high of $17.58. The stock has a market capitalization of $2.55 billion and a PE ratio of 41.80.

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Several equities research analysts have weighed in on OR shares. Canaccord Genuity reaffirmed a “buy” rating and issued a C$21.50 target price on shares of Osisko gold royalties in a research report on Tuesday, June 6th. TD Securities lowered Osisko gold royalties from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$19.50 to C$19.00 in a research report on Tuesday, June 6th. Royal Bank Of Canada dropped their target price on Osisko gold royalties from C$21.00 to C$20.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 15th. Raymond James Financial, Inc. began coverage on Osisko gold royalties in a research note on Thursday, June 15th. They issued an “outperform” rating and a C$20.00 price target for the company. Finally, Scotiabank increased their price target on Osisko gold royalties from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 7th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of C$18.94.

Osisko gold royalties Company Profile

Osisko Gold Royalties Ltd (Osisko) is a Canada-based company engaged in the business of acquiring and managing precious metal and other interests in Canada and across the world. The Company’s assets include the Canadian Malartic mine, located in Malartic, Quebec and Eleonore mine, located in the James Bay area in Quebec.

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