Zacks: Analysts Set $16.31 Price Target for Osisko Gold Royalties Ltd (OR)

Shares of Osisko Gold Royalties Ltd (NYSE:OR) have earned a consensus broker rating score of 1.40 (Strong Buy) from the five brokers that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company.

Brokerages have set a 1 year consensus price target of $16.31 for the company and are predicting that the company will post $0.03 EPS for the current quarter, according to Zacks. Zacks has also assigned Osisko Gold Royalties an industry rank of 192 out of 265 based on the ratings given to related companies.

Several brokerages have recently issued reports on OR. Royal Bank Of Canada restated an “outperform” rating on shares of Osisko Gold Royalties in a report on Thursday, September 7th. Scotiabank restated a “buy” rating and issued a $20.00 target price on shares of Osisko Gold Royalties in a report on Monday, November 6th.

Osisko Gold Royalties (NYSE:OR) opened at $11.78 on Friday. The company has a market cap of $1,860.00, a P/E ratio of 59.15 and a beta of 0.22. Osisko Gold Royalties has a one year low of $8.88 and a one year high of $14.39. The company has a debt-to-equity ratio of 0.10, a quick ratio of 5.80 and a current ratio of 6.18.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be issued a $0.039 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, December 28th. Osisko Gold Royalties’s dividend payout ratio is 76.19%.

Institutional investors have recently modified their holdings of the company. Virtu Financial LLC bought a new stake in Osisko Gold Royalties in the third quarter valued at $145,000. Legal & General Group Plc boosted its holdings in Osisko Gold Royalties by 5.6% in the second quarter. Legal & General Group Plc now owns 12,979 shares of the basic materials company’s stock valued at $158,000 after acquiring an additional 693 shares in the last quarter. Wolverine Trading LLC bought a new stake in Osisko Gold Royalties in the third quarter valued at $292,000. Stifel Financial Corp boosted its holdings in Osisko Gold Royalties by 34.0% in the second quarter. Stifel Financial Corp now owns 25,631 shares of the basic materials company’s stock valued at $312,000 after acquiring an additional 6,500 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Osisko Gold Royalties by 7.5% in the first quarter. Bank of New York Mellon Corp now owns 30,399 shares of the basic materials company’s stock valued at $338,000 after acquiring an additional 2,130 shares in the last quarter. Hedge funds and other institutional investors own 44.18% of the company’s stock.

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About Osisko Gold Royalties

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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