Osisko gold royalties Ltd (TSE:OR) – Investment analysts at Raymond James lifted their FY2019 earnings per share (EPS) estimates for shares of Osisko gold royalties in a report released on Thursday, November 7th. Raymond James analyst B. Macarthur now forecasts that the company will earn $0.27 per share for the year, up from their previous forecast of $0.22. Raymond James has a “Outperform” rating and a $16.00 price objective on the stock.
Several other equities research analysts also recently weighed in on OR. BMO Capital Markets upped their price target on Osisko gold royalties from C$17.50 to C$19.00 in a report on Wednesday, September 11th. Royal Bank of Canada downgraded Osisko gold royalties from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$19.00 to C$16.00 in a report on Tuesday, September 24th. National Bank Financial restated a “sector perform” rating and set a C$20.00 price target on shares of Osisko gold royalties in a report on Monday, September 23rd. TD Securities cut their price target on Osisko gold royalties from C$16.50 to C$15.50 and set a “hold” rating on the stock in a report on Tuesday, September 24th. Finally, Cormark upped their price target on Osisko gold royalties from C$17.00 to C$19.25 in a report on Tuesday, September 10th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of C$17.56.
Shares of TSE OR opened at C$11.22 on Monday. The stock’s 50-day moving average is C$12.80 and its two-hundred day moving average is C$14.36. The company has a debt-to-equity ratio of 23.76, a current ratio of 9.27 and a quick ratio of 9.20. Osisko gold royalties has a 1-year low of C$9.27 and a 1-year high of C$17.47. The company has a market cap of $1.75 billion and a price-to-earnings ratio of -8.50.
In other news, Senior Officer Bryan A. Coates sold 12,500 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of C$16.73, for a total transaction of C$209,125.00. Following the completion of the transaction, the insider now directly owns 150,375 shares of the company’s stock, valued at approximately C$2,515,773.75.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, December 30th. This represents a $0.20 annualized dividend and a yield of 1.78%. Osisko gold royalties’s dividend payout ratio (DPR) is -15.15%.
Osisko gold royalties Company Profile
Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and similar interests in Canada and internationally. Its assets include the 5% net smelter return (NSR) royalty on the Canadian Malartic mine; the 2.0% to 3.5% NSR royalty on the Eleonore mine; a 9.6% diamond stream on the Renard diamond mine; a 4% gold and silver stream on the Brucejack gold; a 3% NSR royalty on the Seabee gold operations located in Saskatchewan, Canada; and the 1.38% to 2.55% NSR royalty on the Island Gold mine.
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