CIBC Raises Osisko Gold Royalties (TSE:OR) Price Target to C$33.00

Osisko Gold Royalties (TSE:OR) had its price objective upped by CIBC from C$28.50 to C$33.00 in a report released on Monday morning, BayStreet.CA reports.

A number of other research firms also recently commented on OR. National Bankshares cut 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. Raymond James raised their price objective on Osisko Gold Royalties from C$25.00 to C$26.00 and gave the stock an outperform rating in a report on Friday, January 12th. Finally, TD Securities cut 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. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of C$25.75.

Osisko Gold Royalties Stock Up 1.7 %

OR opened at C$22.23 on Monday. The business’s fifty day simple moving average is C$20.93 and its 200 day simple moving average is C$19.21. Osisko Gold Royalties has a 52 week low of C$15.42 and a 52 week high of C$24.42. The firm has a market cap of C$4.13 billion, a P/E ratio of -85.50, a PEG ratio of 1.31 and a beta of 0.79. The company has a quick ratio of 0.98, a current ratio of 4.11 and a debt-to-equity ratio of 12.11.

Osisko Gold Royalties (TSE:OR) last released its earnings results on Tuesday, February 20th. The company reported C$0.16 earnings per share for the quarter, topping the consensus estimate of C$0.15 by C$0.01. Osisko Gold Royalties had a negative return on equity of 2.85% and a negative net margin of 19.55%. The firm had revenue of C$65.16 million for the quarter. As a group, equities research analysts anticipate that Osisko Gold Royalties will post 0.5493552 EPS for the current fiscal year.

Osisko Gold Royalties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 15th were paid a dividend of $0.06 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.24 dividend on an annualized basis and a yield of 1.08%. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently -92.31%.

Insider Buying and Selling at Osisko Gold Royalties

In other Osisko Gold Royalties news, Senior Officer Guy Desharnais sold 7,484 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$21.10, for a total transaction of C$157,912.40. In other news, Senior Officer André Le Bel sold 10,000 shares of Osisko Gold Royalties stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of C$21.44, for a total value of C$214,400.00. Also, Senior Officer Guy Desharnais sold 7,484 shares of Osisko Gold Royalties stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$21.10, for a total value of C$157,912.40. Insiders sold a total of 53,184 shares of company stock worth $1,158,088 in the last 90 days. 0.57% of the stock is owned by corporate insiders.

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.