Osisko Gold Royalties Ltd (OR) To Go Ex-Dividend on December 31st

Osisko Gold Royalties Ltd (NYSE:OR) declared a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.048 per share by the basic materials company on Wednesday, January 15th. This represents a $0.19 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Tuesday, December 31st. This is a positive change from Osisko Gold Royalties’s previous quarterly dividend of $0.05.

Osisko Gold Royalties has raised its dividend payment by an average of 5.5% annually over the last three years. Osisko Gold Royalties has a dividend payout ratio of 29.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Osisko Gold Royalties to earn $0.61 per share next year, which means the company should continue to be able to cover its $0.19 annual dividend with an expected future payout ratio of 31.1%.

Osisko Gold Royalties Price Performance

OR stock traded down $0.06 on Friday, hitting $20.48. 36,751 shares of the company’s stock traded hands, compared to its average volume of 729,383. The company has a current ratio of 4.92, a quick ratio of 4.92 and a debt-to-equity ratio of 0.07. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of -56.67 and a beta of 1.03. Osisko Gold Royalties has a 1-year low of $11.89 and a 1-year high of $21.29. The stock has a fifty day moving average of $18.96 and a 200-day moving average of $17.41.

Osisko Gold Royalties (NYSE:OR) last announced its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $47.39 million during the quarter. Osisko Gold Royalties had a positive return on equity of 6.80% and a negative net margin of 36.71%. On average, analysts forecast that Osisko Gold Royalties will post 0.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on OR shares. Royal Bank of Canada reduced their target price on Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. Jefferies Financial Group raised their target price on shares of Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Finally, TD Securities upgraded shares of Osisko Gold Royalties to a “strong-buy” rating in a report on Monday, July 22nd.

About Osisko Gold Royalties

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.