CIBC Boosts Osisko Gold Royalties (TSE:OR) Price Target to C$28.50

Osisko Gold Royalties (TSE:ORFree Report) had its price target upped by CIBC from C$27.00 to C$28.50 in a research note published on Wednesday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research firms have also recently issued reports on OR. TD Securities lowered their price objective on Osisko Gold Royalties from C$26.00 to C$21.00 and set a buy rating for the company in a research report on Wednesday, November 15th. BMO Capital Markets raised their price target on Osisko Gold Royalties from C$23.00 to C$24.00 in a report on Wednesday, December 13th. National Bankshares lifted their price objective on Osisko Gold Royalties from C$24.00 to C$25.00 and gave the stock an outperform rating in a report on Monday, January 15th. Canaccord Genuity Group reduced their price objective on Osisko Gold Royalties from C$25.00 to C$24.50 and set a buy rating for the company in a report on Monday, November 20th. Finally, Scotiabank dropped their price target on Osisko Gold Royalties from C$23.00 to C$22.00 and set a sector perform rating for the company in a research report on Friday, December 15th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of C$25.15.

View Our Latest Stock Report on Osisko Gold Royalties

Osisko Gold Royalties Stock Performance

TSE OR opened at C$19.70 on Wednesday. The stock’s fifty day moving average is C$19.20 and its two-hundred day moving average is C$18.18. The firm has a market capitalization of C$3.65 billion, a P/E ratio of 89.55, a price-to-earnings-growth ratio of 1.31 and a beta of 0.81. The company has a debt-to-equity ratio of 18.63, a quick ratio of 0.98 and a current ratio of 4.47. Osisko Gold Royalties has a fifty-two week low of C$15.42 and a fifty-two week high of C$24.42.

Osisko Gold Royalties (TSE:ORGet Free Report) last posted its earnings results on Wednesday, November 8th. The company reported C$0.12 EPS for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.02). Osisko Gold Royalties had a net margin of 16.89% and a return on equity of 2.38%. The business had revenue of C$62.07 million during the quarter. On average, research analysts anticipate that Osisko Gold Royalties will post 0.6180534 earnings per share for the current year.

Osisko Gold Royalties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Monday, January 15th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Thursday, December 28th. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently 109.09%.

Insiders Place Their Bets

In other Osisko Gold Royalties news, Director Michael David Saynor Spencer sold 4,900 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of C$19.15, for a total transaction of C$93,835.00. In other Osisko Gold Royalties news, Senior Officer André Le Bel sold 13,300 shares of the business’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of C$20.05, for a total transaction of C$266,665.00. Also, Director Michael David Saynor Spencer sold 4,900 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of C$19.15, for a total value of C$93,835.00. 0.56% of the stock is currently owned by insiders.

About Osisko Gold Royalties

(Get Free Report)

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 5% net smelter return royalty on the Canadian Malartic mine located in Canada.

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Analyst Recommendations for Osisko Gold Royalties (TSE:OR)

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