Osisko Gold Royalties (TSE:OR) Hits New 12-Month High – What’s Next?

Osisko Gold Royalties Ltd (TSE:OR) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$30.68 and last traded at C$30.41, with a volume of 296134 shares traded. The stock had previously closed at C$28.79.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. TD Securities lowered their price target on shares of Osisko Gold Royalties from C$31.00 to C$30.00 and set a “hold” rating on the stock in a research report on Tuesday, February 25th. National Bankshares increased their price objective on Osisko Gold Royalties from C$34.00 to C$35.50 and gave the stock an “outperform” rating in a report on Wednesday, April 2nd.

Osisko Gold Royalties Price Performance

The company has a debt-to-equity ratio of 5.29, a current ratio of 4.40 and a quick ratio of 0.98. The firm has a 50-day simple moving average of C$28.20 and a 200 day simple moving average of C$27.32. The firm has a market cap of C$5.81 billion, a PE ratio of -105.66, a price-to-earnings-growth 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. Stockholders of record on Monday, March 31st will be given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.84%. Osisko Gold Royalties’s payout ratio is currently -88.33%.

Insider Activity

In related news, Director Paul Douglas Martin sold 12,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was 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 business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of C$27.33, for a total value of C$273,250.00. Insiders have sold a total of 32,966 shares of company stock worth $875,571 over the last quarter. Insiders own 0.38% of the company’s stock.

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.