Osisko Gold Royalties (TSE:OR) Downgraded by TD Securities to “Hold”

TD Securities lowered shares of Osisko Gold Royalties (TSE:OR) from a buy rating to a hold rating in a research note published on Monday morning, MarketBeat.com reports.

Other equities research analysts have also issued reports about the company. BMO Capital Markets boosted their target price on Osisko Gold Royalties from C$27.00 to C$28.00 in a report on Thursday, November 7th. Raymond James lowered their price target on Osisko Gold Royalties from C$27.50 to C$27.00 in a research report on Monday, August 19th. Stifel Nicolaus boosted their price objective on Osisko Gold Royalties from C$29.00 to C$31.00 in a research report on Monday, October 21st. Scotiabank lifted their price target on Osisko Gold Royalties from C$25.00 to C$27.00 in a research report on Monday, August 19th. Finally, National Bankshares increased their price objective on Osisko Gold Royalties from C$26.00 to C$28.00 and gave the company an “outperform” rating in a research report on Wednesday, July 17th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$29.63.

Osisko Gold Royalties Price Performance

OR opened at C$26.11 on Monday. The stock has a fifty day moving average price of C$25.83 and a 200 day moving average price of C$23.78. 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 has a 1 year low of C$16.32 and a 1 year high of C$29.57. The stock has a market cap of C$4.86 billion, a price-to-earnings ratio of -51.62, a PEG ratio of 1.31 and a beta of 0.90.

Osisko Gold Royalties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.065 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.26 annualized dividend and a yield of 1.00%. Osisko Gold Royalties’s dividend payout ratio is currently -52.00%.

Insider Transactions at Osisko Gold Royalties

In other news, Senior Officer André Le Bel sold 10,000 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$24.80, for a total value of C$248,000.00. 0.38% of the stock is owned by corporate insiders.

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.