Osisko Gold Royalties Ltd (TSE:OR) Plans $0.07 Quarterly Dividend

Osisko Gold Royalties Ltd (TSE:OR) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.065 per share on Wednesday, January 15th. This represents a $0.26 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Tuesday, December 31st.

Osisko Gold Royalties Stock Performance

TSE:OR opened at C$28.73 on Friday. The company has a current ratio of 4.92, a quick ratio of 0.98 and a debt-to-equity ratio of 7.00. The firm has a market capitalization of C$5.35 billion, a price-to-earnings ratio of -56.78, a PEG ratio of 1.31 and a beta of 0.90. The firm’s fifty day simple moving average is C$25.61 and its 200 day simple moving average is C$23.65. Osisko Gold Royalties has a twelve month low of C$16.32 and a twelve month high of C$29.57.

Osisko Gold Royalties (TSE:OR) last issued its quarterly earnings data on Tuesday, August 6th. The company reported C$0.18 EPS for the quarter, topping analysts’ consensus estimates of C$0.17 by C$0.01. Osisko Gold Royalties had a negative net margin of 36.86% and a negative return on equity of 5.46%. The firm had revenue of C$64.85 million for the quarter.

Insider Activity

In related news, Senior Officer André Le Bel sold 10,000 shares of the stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of C$24.80, for a total transaction of C$248,000.00. Insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Canaccord Genuity Group boosted their price objective on shares of Osisko Gold Royalties from C$30.00 to C$31.00 in a report on Tuesday, July 23rd. Stifel Nicolaus boosted their price objective on shares of Osisko Gold Royalties from C$29.00 to C$31.00 in a report on Monday, October 21st. National Bankshares boosted their price objective on shares of Osisko Gold Royalties from C$26.00 to C$28.00 and gave the stock an “outperform” rating in a report on Wednesday, July 17th. BMO Capital Markets boosted their price objective on shares of Osisko Gold Royalties from C$27.00 to C$28.00 in a report on Thursday. Finally, Raymond James cut their price objective on shares of Osisko Gold Royalties from C$27.50 to C$27.00 in a report on Monday, August 19th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Osisko Gold Royalties has an average rating of “Moderate Buy” and a consensus target price of C$29.63.

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.