Osisko gold royalties (TSE:OR) had its price target boosted by Canaccord Genuity from C$16.50 to C$20.00 in a report published on Wednesday, BayStreet.CA reports.
A number of other brokerages have also weighed in on OR. Eight Capital cut their target price on shares of Osisko gold royalties from C$18.50 to C$18.00 in a research report on Tuesday, April 21st. Royal Bank of Canada upgraded shares of Osisko gold royalties from a sector perform rating to an outperform rating and increased their target price for the stock from C$13.50 to C$15.00 in a research report on Sunday, May 17th. CIBC cut their target price on shares of Osisko gold royalties from C$15.25 to C$14.50 in a research report on Thursday, April 23rd. BMO Capital Markets increased their target price on shares of Osisko gold royalties from C$14.00 to C$16.00 in a research report on Wednesday, April 1st. Finally, Raymond James reiterated an outperform rating and set a C$14.75 target price on shares of Osisko gold royalties in a research report on Friday, May 1st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Osisko gold royalties presently has a consensus rating of Buy and an average target price of C$16.78.
OR opened at C$14.44 on Wednesday. The firm has a market cap of $2.44 billion and a P/E ratio of -9.32. The firm has a 50-day moving average of C$12.59 and a 200 day moving average of C$12.06. The company has a debt-to-equity ratio of 24.05, a quick ratio of 4.84 and a current ratio of 5.03. Osisko gold royalties has a fifty-two week low of C$6.35 and a fifty-two week high of C$17.47.
Osisko gold royalties (TSE:OR) last posted its quarterly earnings results on Tuesday, May 12th. The company reported C$0.05 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.05. The company had revenue of C$52.61 million for the quarter, compared to the consensus estimate of C$35.00 million. Equities research analysts predict that Osisko gold royalties will post 0.44 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.05 dividend. The ex-dividend date is Monday, June 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.39%. Osisko gold royalties’s dividend payout ratio (DPR) is currently -12.90%.
About Osisko gold royalties
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; a 3% NSR royalty on the Seabee gold operations located in Saskatchewan, Canada; and the 1.38% to 2.55% NSR royalty on the Island Gold mine.
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