Osisko Gold Royalties Ltd (TSE:OR – Get Rating)'s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$13.08 and traded as high as C$13.12. Osisko Gold Royalties shares last traded at C$12.86, with a volume of 451,781 shares trading hands.
Analysts Set New Price Targets
A number of analysts have weighed in on the company. TD Securities raised their price target on Osisko Gold Royalties from C$18.50 to C$20.00 and gave the company a "buy" rating in a research note on Thursday, August 11th. National Bankshares cut their price target on Osisko Gold Royalties from C$22.00 to C$20.00 and set an "outperform" rating on the stock in a research note on Thursday, July 21st. CIBC cut their price target on Osisko Gold Royalties from C$23.00 to C$21.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 10th. Scotiabank raised their price target on Osisko Gold Royalties from C$24.00 to C$25.00 in a research note on Tuesday, June 14th. Finally, Raymond James raised their price target on Osisko Gold Royalties from C$20.00 to C$21.00 and gave the company an "outperform" rating in a research note on Thursday, August 11th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of C$22.13.
Get Osisko Gold Royalties alerts:Osisko Gold Royalties Price Performance
The company has a debt-to-equity ratio of 12.85, a quick ratio of 1.34 and a current ratio of 1.43. The stock has a market capitalization of C$2.37 billion and a price-to-earnings ratio of -63.98. The company has a 50-day moving average of C$13.08 and a 200-day moving average of C$14.48.
Osisko Gold Royalties (TSE:OR – Get Rating) last issued its quarterly earnings results on Tuesday, August 9th. The company reported C($0.03) earnings per share for the quarter, missing the consensus estimate of C$0.10 by C($0.13). The business had revenue of C$63.96 million during the quarter. As a group, equities research analysts expect that Osisko Gold Royalties Ltd will post 0.48 earnings per share for the current fiscal year.Osisko Gold Royalties Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.055 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.71%. Osisko Gold Royalties's payout ratio is -109.45%.
Osisko Gold Royalties Company Profile
(Get Rating)
Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and offtake and other interests in Canada and internationally. It also owns options on royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company's primary asset is a 5% net smelter return royalty on the Canadian Malartic mine located in Canada.
See Also
- Defensive Stocks For A Volatile Market
- Will UPS Be Next to Deliver a Warning?
- SunPower Is Ready To Power Up Triple-Digit Earnings Gains
- Is This the Darkest Before the Dawn for Gap Stock?
- Build A Better Tech Portfolio With Jabil Inc.
Receive News & Ratings for Osisko Gold Royalties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Osisko Gold Royalties and related companies with MarketBeat.com's FREE daily email newsletter.