Osisko Gold Royalties (TSE:OR) Reaches New 1-Year High – Here’s What Happened

Osisko Gold Royalties Ltd (TSE:OR) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$29.59 and last traded at C$29.54, with a volume of 78895 shares changing hands. The stock had previously closed at C$29.14.

Analyst Ratings Changes

Several research firms recently commented on OR. National Bankshares reduced their price objective on Osisko Gold Royalties from C$35.00 to C$34.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th. TD Securities reduced their price objective on Osisko Gold Royalties from C$31.00 to C$30.00 and set a “hold” rating on the stock in a research report on Tuesday, February 25th. Finally, CIBC raised their target price on Osisko Gold Royalties from C$36.00 to C$39.00 in a research note on Monday, December 2nd.

Osisko Gold Royalties Stock Performance

The company has a market cap of C$5.64 billion, a price-to-earnings ratio of -102.63, a PEG ratio of 1.31 and a beta of 0.90. The company has a quick ratio of 0.98, a current ratio of 4.40 and a debt-to-equity ratio of 5.29. The stock has a 50 day simple moving average of C$27.52 and a 200 day simple moving average of C$26.71.

Osisko Gold Royalties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.86%. Osisko Gold Royalties’s payout ratio is currently -88.33%.

Insiders Place Their Bets

In other Osisko Gold Royalties news, Director Paul Douglas Martin sold 12,000 shares of Osisko Gold Royalties stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of C$25.67, for a total value of C$308,040.00. Also, Director Michael David Saynor Spencer sold 5,966 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of C$27.20, for a total value of C$162,275.20. Insiders sold a total of 32,966 shares of company stock valued at $875,571 in the last ninety days. 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.