Osisko Gold Royalties (OR) PT Lowered to C$20.00 at Canaccord Genuity

Osisko Gold Royalties (TSE:OR) had its price target lowered by Canaccord Genuity from C$22.00 to C$20.00 in a report issued on Friday morning.

Several other equities research analysts have also recently commented on the company. National Bank Financial raised their target price on Osisko Gold Royalties from C$16.25 to C$16.50 and gave the stock an outperform rating in a research note on Friday, March 9th. BMO Capital Markets decreased their target price on Osisko Gold Royalties from C$17.00 to C$16.00 in a research note on Tuesday, January 23rd. Eight Capital decreased their target price on Osisko Gold Royalties from C$17.60 to C$15.25 in a research note on Wednesday, February 21st. Scotiabank decreased their target price on Osisko Gold Royalties from C$19.00 to C$18.50 and set an outperform rating for the company in a research note on Wednesday, February 21st. Finally, TD Securities raised Osisko Gold Royalties from a hold rating to a buy rating and decreased their target price for the stock from C$17.50 to C$16.50 in a research note on Wednesday, February 21st. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of C$17.22.

Shares of OR stock opened at C$13.26 on Friday. Osisko Gold Royalties has a 1-year low of C$11.90 and a 1-year high of C$17.58.

Osisko Gold Royalties (TSE:OR) last issued its quarterly earnings results on Tuesday, February 20th. The company reported C$0.01 earnings per share for the quarter, missing the consensus estimate of C$0.04 by C($0.03). The company had revenue of C$32.20 million during the quarter, compared to analyst estimates of C$26.00 million. Osisko Gold Royalties had a negative net margin of 58.74% and a negative return on equity of 13.50%.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Friday, June 29th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $0.20 annualized dividend and a yield of 1.51%.

In other news, insider Elif Lévesque acquired 4,045 shares of Osisko Gold Royalties stock in a transaction on Thursday, February 22nd. The stock was purchased at an average price of C$12.35 per share, with a total value of C$49,955.75. Also, Director Joanne Shari Ferstman acquired 5,000 shares of Osisko Gold Royalties stock in a transaction on Friday, April 13th. The stock was purchased at an average cost of C$12.66 per share, with a total value of C$63,300.00. Insiders have purchased 15,445 shares of company stock valued at $192,606 in the last ninety days.

Osisko Gold Royalties Company Profile

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and similar interests in Canada and internationally. Its assets include the 5% net smelter return (NSR) royalty on the Canadian Malartic mine; the 2.0% to 3.5% NSR royalty on the Eleonore mine; a 9.6% diamond stream on the Renard diamond mine; a 4% gold and silver stream on the Brucejack gold and silver mine; and a silver stream on the Gibraltar mine, all located in Canada.

Analyst Recommendations for Osisko Gold Royalties (TSE:OR)

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