Osisko Gold Royalties Ltd (TSE:OR) Raises Dividend to $0.07 Per Share

Osisko Gold Royalties Ltd (TSE:OR) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Stockholders of record on Friday, June 28th will be paid a dividend of 0.065 per share on Monday, July 15th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Friday, June 28th. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.06.

Osisko Gold Royalties Trading Up 0.1 %

Shares of Osisko Gold Royalties stock traded up C$0.02 during midday trading on Friday, reaching C$22.10. The company had a trading volume of 52,438 shares, compared to its average volume of 290,883. The stock has a fifty day moving average price of C$21.72 and a 200 day moving average price of C$19.79. The company has a debt-to-equity ratio of 12.11, a current ratio of 4.11 and a quick ratio of 0.98. The firm has a market cap of C$4.11 billion, a PE ratio of -84.92, a P/E/G ratio of 1.31 and a beta of 0.82. Osisko Gold Royalties has a fifty-two week low of C$15.42 and a fifty-two week high of C$23.63.

Osisko Gold Royalties (TSE:OR) last released its quarterly earnings data on Tuesday, February 20th. The company reported C$0.16 EPS for the quarter, beating the consensus estimate of C$0.15 by C$0.01. The firm had revenue of C$65.16 million during the quarter. Osisko Gold Royalties had a negative return on equity of 2.85% and a negative net margin of 19.55%. On average, equities analysts anticipate that Osisko Gold Royalties will post 0.5773956 earnings per share for the current year.

Insider Activity at Osisko Gold Royalties

In other news, Director David Smith acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were bought at an average cost of C$18.98 per share, with a total value of C$189,800.00. In other news, Senior Officer Iain Wesley Farmer sold 19,600 shares of Osisko Gold Royalties stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of C$22.08, for a total value of C$432,864.04. Also, Director David Smith acquired 10,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was acquired at an average price of C$18.98 per share, for a total transaction of C$189,800.00. In the last three months, insiders have sold 53,184 shares of company stock valued at $1,158,088. Corporate insiders own 0.45% of the company’s stock.

Analyst Upgrades and Downgrades

OR has been the topic of several analyst reports. CIBC lifted their target price on Osisko Gold Royalties from C$28.50 to C$33.00 in a research report on Monday, April 15th. Stifel Nicolaus upped their price target on Osisko Gold Royalties from C$27.00 to C$28.00 and gave the company a “buy” rating in a research report on Friday, April 19th. National Bankshares dropped their price objective on Osisko Gold Royalties from C$25.00 to C$23.00 and set an “outperform” rating on the stock in a report on Thursday, February 22nd. TD Securities dropped their price objective on Osisko Gold Royalties from C$25.00 to C$23.00 and set a “buy” rating on the stock in a report on Friday, February 23rd. Finally, Raymond James raised their price target on Osisko Gold Royalties from C$26.00 to C$28.00 in a report on Tuesday, April 23rd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$26.56.

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.