Osisko gold royalties Ltd (TSE:OR) Given Consensus Rating of “Buy” by Brokerages
Osisko gold royalties Ltd (TSE:OR) has earned an average rating of “Buy” from the nine brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$19.19.
Several research analysts have weighed in on the company. Raymond James Financial, Inc. assumed coverage on Osisko gold royalties in a research note on Thursday, June 15th. They issued an “outperform” rating and a C$20.00 target price on the stock. Royal Bank Of Canada reiterated an “outperform” rating and issued a C$21.00 target price (up from C$20.00) on shares of Osisko gold royalties in a research note on Tuesday, June 6th. BMO Capital Markets reiterated an “outperform” rating and issued a C$15.00 target price on shares of Osisko gold royalties in a research note on Wednesday, May 24th. Canaccord Genuity reiterated a “buy” rating and issued a C$21.50 target price on shares of Osisko gold royalties in a research note on Tuesday, June 6th. Finally, TD Securities downgraded Osisko gold royalties from a “buy” rating to a “hold” rating and lowered their target price for the company from C$19.50 to C$19.00 in a research note on Tuesday, June 6th.
In other Osisko gold royalties news, Director Christopher C. Curfman purchased 3,000 shares of Osisko gold royalties stock in a transaction dated Thursday, June 15th. The stock was acquired at an average cost of C$12.32 per share, with a total value of C$36,960.00. Also, Director John Feliks Burzynski sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of C$16.57, for a total value of C$165,700.00. Over the last three months, insiders bought 5,790 shares of company stock valued at $76,370 and sold 75,300 shares valued at $1,226,020.
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Shares of Osisko gold royalties (TSE OR) traded down 0.32% on Tuesday, reaching $15.72. The company’s stock had a trading volume of 160,488 shares. Osisko gold royalties has a 1-year low of $11.90 and a 1-year high of $17.58. The company has a market capitalization of $1.68 billion and a price-to-earnings ratio of 36.30. The stock has a 50-day moving average price of $15.91 and a 200-day moving average price of $15.12.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be issued a $0.05 dividend. This is a boost from Osisko gold royalties’s previous quarterly dividend of $0.03. This represents a $0.20 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, September 28th.
Osisko gold royalties Company Profile
Osisko Gold Royalties Ltd. acquires and manages precious metal and other royalties and streams, and similar interests in the Americas. It has 5% net smelter returns (NSR) royalty on the Canadian Malartic property located in the province of Québec, Canada; and 2% to 3.5% NSR royalty on the Éléonore mine situated in the James Bay area in Québec, Canada.
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