Osisko Gold Royalties (TSE:OR) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

Shares of Osisko Gold Royalties Ltd (TSE:OR) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$26.96 and traded as high as C$27.09. Osisko Gold Royalties shares last traded at C$26.88, with a volume of 194,748 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on OR. Stifel Nicolaus increased their price target on Osisko Gold Royalties from C$29.00 to C$31.00 in a research report on Monday, October 21st. BMO Capital Markets increased their price objective on shares of Osisko Gold Royalties from C$27.00 to C$28.00 in a report on Thursday, November 7th. CIBC boosted their target price on shares of Osisko Gold Royalties from C$36.00 to C$39.00 in a research note on Monday, December 2nd. National Bankshares raised their price target on shares of Osisko Gold Royalties from C$33.50 to C$35.00 and gave the company an “outperform” rating in a research note on Thursday, January 9th. Finally, TD Securities downgraded Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Osisko Gold Royalties currently has an average rating of “Moderate Buy” and a consensus price target of C$31.13.

Osisko Gold Royalties Price Performance

The business has a 50-day simple moving average of C$26.96 and a two-hundred day simple moving average of C$25.48. The company has a quick ratio of 0.98, a current ratio of 4.92 and a debt-to-equity ratio of 7.00. The stock has a market capitalization of C$5.01 billion, a price-to-earnings ratio of -53.76, a P/E/G ratio of 1.31 and a beta of 0.90.

Osisko Gold Royalties (TSE:OR) last announced its earnings results on Wednesday, November 6th. The company reported C$0.15 earnings per share for the quarter, meeting the consensus estimate of C$0.15. Osisko Gold Royalties had a negative return on equity of 5.46% and a negative net margin of 36.86%.

Osisko Gold Royalties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.065 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.97%. Osisko Gold Royalties’s payout ratio is currently -52.00%.

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.