Osisko Gold Royalties Ltd (TSE:OR) Declares Quarterly Dividend of $0.07

Osisko Gold Royalties Ltd (TSE:OR) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.065 per share on Wednesday, January 15th. This represents a $0.26 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend is Tuesday, December 31st.

Osisko Gold Royalties Price Performance

The company’s 50 day simple moving average is C$25.61 and its 200-day simple moving average is C$23.65. The company has a market cap of C$5.30 billion, a price-to-earnings ratio of -56.78, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90. The company has a current ratio of 4.92, a quick ratio of 0.98 and a debt-to-equity ratio of 7.00. Osisko Gold Royalties has a 52-week low of C$16.32 and a 52-week high of C$29.57.

Osisko Gold Royalties (TSE:OR) last announced its quarterly earnings results on Tuesday, August 6th. The company reported C$0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.17 by C$0.01. The business had revenue of C$64.85 million for the quarter. Osisko Gold Royalties had a negative return on equity of 5.46% and a negative net margin of 36.86%.

Insider Buying and Selling at Osisko Gold Royalties

In other Osisko Gold Royalties news, Director Duncan Cornell Card sold 10,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of C$27.03, for a total value of C$270,331.00. Insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

OR has been the subject of several analyst reports. Jefferies Financial Group raised Osisko Gold Royalties from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. Raymond James lowered their price objective on Osisko Gold Royalties from C$27.50 to C$27.00 in a research note on Monday, August 19th. National Bankshares increased their price objective on Osisko Gold Royalties from C$26.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 17th. TD Securities increased their price objective on Osisko Gold Royalties from C$27.00 to C$31.00 in a research note on Friday, October 18th. Finally, Scotiabank increased their price target on Osisko Gold Royalties from C$25.00 to C$27.00 in a research report on Monday, August 19th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$29.63.

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.