Osisko gold royalties (TSE:OR) had its price target upped by National Bank Financial from C$16.25 to C$16.50 in a report released on Friday, March 9th. The brokerage currently has an outperform rating on the stock.
Other research analysts have also issued research reports about the company. Canaccord Genuity increased their target price on Osisko gold royalties from C$22.00 to C$22.50 in a research report on Friday, January 19th. BMO Capital Markets decreased their price objective on Osisko gold royalties from C$17.00 to C$16.00 in a report on Tuesday, January 23rd. Eight Capital cut their target price on Osisko gold royalties from C$17.60 to C$15.25 in a research note on Wednesday, February 21st. Scotiabank cut their target price on Osisko gold royalties from C$19.00 to C$18.50 and set an outperform rating for the company in a research note on Wednesday, February 21st. Finally, TD Securities raised Osisko gold royalties from a hold rating to a buy rating and cut their target price for the stock from C$17.50 to C$16.50 in a research note on Wednesday, February 21st. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of C$17.61.
TSE:OR traded up C$0.28 during mid-day trading on Friday, reaching C$12.72. The company’s stock had a trading volume of 205,062 shares, compared to its average volume of 478,733. Osisko gold royalties has a 1 year low of C$12.00 and a 1 year high of C$17.58.
Osisko gold royalties (TSE:OR) last posted its quarterly earnings data on Tuesday, February 20th. The company reported C$0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.04 by C($0.03). Osisko gold royalties had a negative net margin of 58.74% and a negative return on equity of 13.50%. The company had revenue of C$32.20 million for the quarter, compared to analyst estimates of C$26.00 million.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Wednesday, March 28th.
In related news, insider Elif Lévesque bought 4,045 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were acquired at an average price of C$12.35 per share, with a total value of C$49,955.75. Also, Director Sean Roosen bought 5,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was bought at an average cost of C$12.36 per share, for a total transaction of C$61,800.00. In the last 90 days, insiders have purchased 10,445 shares of company stock valued at $129,306.
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Osisko gold royalties Company Profile
Osisko Gold Royalties Ltd (Osisko) is a Canada-based company engaged in the business of acquiring and managing precious metal and other interests in Canada and across the world. The Company’s assets include the Canadian Malartic mine, located in Malartic, Quebec and Eleonore mine, located in the James Bay area in Quebec.
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