Osisko Gold Royalties (TSE:OR) Share Price Passes Above 50 Day Moving Average - Here's What Happened

Osisko Gold Royalties Ltd (TSE:OR - Get Free Report) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$30.89 and traded as high as C$32.66. Osisko Gold Royalties shares last traded at C$32.63, with a volume of 344,851 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Stifel Nicolaus increased their price target on Osisko Gold Royalties from C$33.00 to C$38.00 in a research report on Monday, April 21st. Scotiabank raised Osisko Gold Royalties from a "hold" rating to a "strong-buy" rating in a report on Monday, April 14th. TD Securities raised their price target on Osisko Gold Royalties from C$30.00 to C$35.00 in a report on Tuesday, April 15th. Finally, National Bankshares raised their price target on Osisko Gold Royalties from C$34.00 to C$35.50 and gave the company an "outperform" rating in a report on Wednesday, April 2nd.

Osisko Gold Royalties Stock Performance

The company has a debt-to-equity ratio of 5.29, a quick ratio of 0.98 and a current ratio of 4.40. The stock's 50-day moving average is C$30.89 and its 200 day moving average is C$28.45. The firm has a market cap of C$6.09 billion, a P/E ratio of -110.85, a PEG ratio of 1.31 and a beta of 0.90.

Osisko Gold Royalties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 0.80%. Osisko Gold Royalties's dividend payout ratio is -88.33%.

Insider Activity

In other news, Director Michael David Saynor Spencer sold 4,992 shares of the stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of C$32.79, for a total transaction of C$163,687.68. Also, Senior Officer André Le Bel sold 10,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of C$27.33, for a total transaction of C$273,250.00. Insiders have sold a total of 64,058 shares of company stock worth $1,898,479 over the last three months. Corporate insiders own 0.38% of the company's stock.

About Osisko Gold Royalties

Osisko is an intermediate precious metal royalty company focused on the Americas that commenced activities in June 2014. Osisko holds a North American focused portfolio of over 175 royalties, streams and precious metal offtakes. Osisko's portfolio is anchored by its cornerstone asset, a 5% net smelter return royalty on the Canadian Malartic mine, which is the largest gold mine in Canada.

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