Osisko Gold Royalties Ltd. (TSE:OR) Receives Average “Buy” Rating from Brokerages

Osisko Gold Royalties Ltd (TSE:OR – Get Rating) has earned a consensus “buy” recommendation from the ten research firms that currently cover the business, MarketBeat reports. Five analysts rated the stock with a buy rating. The 1-year average price target among brokers who have quoted the stock over the past year is C$22.78.

Several stock analysts have weighed in on the company recently. Eight Capital raised its price target on Osisko gold royalties from C$24.00 to C$25.00 and gave the company a “buy” rating in a Thursday, April 21 research report. BMO Capital Markets cut its price target on Osisko gold royalties from C$19.00 to C$18.00 in a report released Monday, April 18. Scotiabank raised its target price on Osisko gold royalties from C$24.00 to C$25.00 in a Tuesday, June 14 research note. TD Securities raised its target price on Osisko gold royalties from C$21.00 to C$23.00 and gave the company a “buy” rating in a Tuesday research note April 5. Finally, Canaccord Genuity Group raised its price target on Osisko gold royalties from C$25.00 to C$26.00 in a Friday, April 22 research report.

GOLD stock opened at C$14.52 on Monday. Osisko Gold Royalties has a 12-month low of C$13.30 and a 12-month high of C$18.59. The company has a quick ratio of 0.83, a current ratio of 1.25 and a debt ratio of 19.86. The stock’s 50-day moving average is C$15.39 and its 200-day moving average is C$15.54. The company has a market capitalization of C$2.68 billion and a PE ratio of -72.24.

Osisko Gold Royalties (TSE:OR – Get Rating) last released its results on Thursday, May 12. The company reported earnings per share (EPS) of CA$0.01 for the quarter, missing the consensus estimate of CA$0.11 by CA$0.10. The company recorded revenue of C$59.40 million during the quarter. On average, equity research analysts expect Osisko Gold Royalties to post earnings per share of 0.5503843 for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 15. Shareholders of record on Thursday, June 30 will receive a dividend of $0.055 per share. The ex-date of this dividend is Wednesday, June 29. This represents a dividend of $0.22 on an annualized basis and a yield of 1.52%. Osisko Gold Royalties’ dividend payout ratio is currently -106.97%.

Corporate Profile Osisko Gold Royalties (Get a rating)

Osisko Gold Royalties Ltd acquires and manages precious metals and other royalties, streams, levies and other interests in Canada and abroad. It also holds options on royalty/stream financing; and exclusive rights to participate in future royalty/stream financings on various projects. The Company’s principal asset is a 5% net smelter return royalty on the Canadian Malartic mine located in Canada.

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