Analysts Set Osisko Gold Royalties Ltd (TSE:OR) PT at C$22.68

Osisko Gold Royalties Ltd (TSE:ORGet Rating) has been given a consensus recommendation of “Buy” by the ten analysts that are presently covering the firm, reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$22.68.

OR has been the topic of a number of research analyst reports. Eight Capital upped their target price on shares of Osisko Gold Royalties from C$24.00 to C$25.00 and gave the company a “buy” rating in a report on Thursday, April 21st. BMO Capital Markets lowered their price target on shares of Osisko Gold Royalties from C$19.00 to C$18.00 in a report on Monday, April 18th. Raymond James lowered their price target on shares of Osisko Gold Royalties from C$23.00 to C$22.75 and set an “outperform” rating on the stock in a report on Friday, May 13th. National Bankshares increased their price target on shares of Osisko Gold Royalties from C$20.00 to C$22.00 in a report on Wednesday, April 20th. Finally, Scotiabank increased their price target on shares of Osisko Gold Royalties from C$22.50 to C$24.00 in a report on Tuesday, April 19th.

Shares of OR stock opened at C$14.80 on Thursday. The company has a debt-to-equity ratio of 19.86, a quick ratio of 0.83 and a current ratio of 1.25. The firm’s 50-day moving average is C$16.00 and its 200-day moving average is C$15.71. The stock has a market cap of C$2.74 billion and a price-to-earnings ratio of -73.63. Osisko Gold Royalties has a 52-week low of C$13.30 and a 52-week high of C$18.59.

Osisko Gold Royalties (TSE:ORGet Rating) last issued its earnings results on Thursday, February 24th. The company reported C$0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.12 by C($0.10). The firm had revenue of C$50.67 million for the quarter. Sell-side analysts predict that Osisko Gold Royalties will post 0.55 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.49%. Osisko Gold Royalties’s payout ratio is presently -109.45%.

About Osisko Gold Royalties (Get Rating)

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and offtake and other interests in Canada and internationally. It also owns options on 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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