Osisko Gold Royalties (TSE:OR) Hits New 1-Year High – What’s Next?

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

Analyst Upgrades and Downgrades

OR has been the subject of several recent research reports. TD Securities cut their price target on Osisko Gold Royalties from C$31.00 to C$30.00 and set a “hold” rating for the company in a report on Tuesday, February 25th. National Bankshares decreased their price target on Osisko Gold Royalties from C$35.00 to C$34.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. Finally, CIBC lifted 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 Up 2.6 %

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

Osisko Gold Royalties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 0.86%. Osisko Gold Royalties’s dividend payout ratio (DPR) is -88.33%.

Insiders Place Their Bets

In related news, Director Paul Douglas Martin sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of C$25.67, for a total value of C$308,040.00. Also, Senior Officer André Le Bel sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of C$27.33, for a total value of C$273,250.00. Insiders have sold 32,966 shares of company stock worth $875,571 in the last three months. Corporate insiders own 0.38% of the company’s stock.

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.