Scotiabank Raises Osisko Gold Royalties (TSE:OR) Price Target to C$24.00

Osisko Gold Royalties (TSE:OR) had its price objective upped by Scotiabank from C$23.00 to C$24.00 in a report issued on Thursday morning, BayStreet.CA reports.

Other research analysts have also issued reports about the stock. Stifel Nicolaus raised their target price on shares of Osisko Gold Royalties from C$27.00 to C$28.00 and gave the company a buy rating in a report on Friday, April 19th. Raymond James boosted their target price on shares of Osisko Gold Royalties from C$26.00 to C$28.00 in a report on Tuesday, April 23rd. Canaccord Genuity Group increased their price target on Osisko Gold Royalties from C$28.00 to C$30.00 in a research note on Tuesday, April 23rd. National Bankshares reduced their price objective on Osisko Gold Royalties from C$25.00 to C$23.00 and set an outperform rating for the company in a research note on Thursday, February 22nd. Finally, TD Securities dropped their target price 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. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of C$26.78.

Osisko Gold Royalties Trading Up 0.3 %

Shares of TSE:OR opened at C$22.14 on Thursday. The company has a market cap of C$4.12 billion, a PE ratio of -76.34, a price-to-earnings-growth ratio of 1.31 and a beta of 0.82. Osisko Gold Royalties has a 12-month low of C$15.42 and a 12-month high of C$23.11. The stock has a 50 day moving average of C$21.91 and a 200 day moving average of C$20.23. The company has a current ratio of 4.95, a quick ratio of 0.98 and a debt-to-equity ratio of 9.52.

Osisko Gold Royalties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.17%. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Friday, June 28th. Osisko Gold Royalties’s payout ratio is -82.76%.

Insider Activity

In related news, Director Victor Bradley sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of C$22.05, for a total value of C$110,270.50. In other Osisko Gold Royalties news, Director Victor Bradley sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of C$22.05, for a total value of C$110,270.50. Also, Senior Officer André Le Bel sold 10,000 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of C$21.44, for a total value of C$214,400.00. Over the last three months, insiders have sold 91,884 shares of company stock worth $2,016,499. Corporate insiders own 0.38% of the company’s stock.

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.