Osisko Gold Royalties Ltd (TSE:OR) Plans Dividend Increase - $0.07 Per Share

Osisko Gold Royalties Ltd (TSE:OR - Get Free Report) announced a quarterly dividend on Wednesday, May 8th, Zacks reports. Shareholders of record on Friday, June 28th will be given a dividend of 0.065 per share on Monday, July 15th. This represents a $0.26 annualized dividend and a yield of 1.17%. The ex-dividend date is Friday, June 28th. This is a positive change from Osisko Gold Royalties's previous quarterly dividend of $0.06.

Osisko Gold Royalties Trading Up 1.0 %

TSE OR traded up C$0.23 on Friday, hitting C$22.31. 231,189 shares of the company were exchanged, compared to its average volume of 292,874. The company's 50 day moving average price is C$21.75 and its 200-day moving average price is C$19.83. The company has a debt-to-equity ratio of 12.11, a current ratio of 4.11 and a quick ratio of 0.98. The firm has a market capitalization of C$4.15 billion, a P/E ratio of -85.81, a price-to-earnings-growth ratio of 1.31 and a beta of 0.82. Osisko Gold Royalties has a twelve month low of C$15.42 and a twelve month high of C$23.63.

Osisko Gold Royalties (TSE:OR - Get Free Report) last released its quarterly earnings data on Tuesday, February 20th. The company reported C$0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.15 by C$0.01. The business had revenue of C$65.16 million for the quarter. Osisko Gold Royalties had a negative return on equity of 2.85% and a negative net margin of 19.55%. Analysts predict that Osisko Gold Royalties will post 0.5773956 earnings per share for the current fiscal year.

Insider Activity

In other news, Senior Officer Guy Desharnais sold 7,484 shares of the business's stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$21.10, for a total transaction of C$157,912.40. In other Osisko Gold Royalties news, Senior Officer Guy Desharnais sold 7,484 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$21.10, for a total transaction of C$157,912.40. Also, Senior Officer Iain Wesley Farmer sold 19,600 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of C$22.08, for a total transaction of C$432,864.04. Insiders sold a total of 53,184 shares of company stock valued at $1,158,088 in the last 90 days. Company insiders own 0.45% of the company's stock.

Analyst Upgrades and Downgrades

OR has been the topic of several research reports. CIBC upped their price target on Osisko Gold Royalties from C$28.50 to C$33.00 in a research note on Monday, April 15th. National Bankshares decreased their price objective on Osisko Gold Royalties from C$25.00 to C$23.00 and set an "outperform" rating for the company in a report on Thursday, February 22nd. Stifel Nicolaus raised their price objective on Osisko Gold Royalties from C$27.00 to C$28.00 and gave the company a "buy" rating in a research report on Friday, April 19th. Raymond James raised their price objective on Osisko Gold Royalties from C$26.00 to C$28.00 in a research report on Tuesday, April 23rd. Finally, TD Securities lowered their target price on Osisko Gold Royalties from C$25.00 to C$23.00 and set a "buy" rating on the stock in a research note on Friday, February 23rd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Osisko Gold Royalties presently has an average rating of "Moderate Buy" and a consensus price target of C$26.56.

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.