Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and offtake and other interests in Canada and internationally. It also owns options on royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company's primary asset is a 5% net smelter return royalty on the Canadian Malartic mine located in Canada. It is also involved in the exploration, evaluation, and development of mining projects. It primarily explores for precious metals, including gold, silver, diamond, and others. The company is headquartered in Montreal, Canada.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on OR. TheStreet lowered Osisko Gold Royalties from a "c-" rating to a "d+" rating in a research report on Tuesday, May 31st. Scotiabank boosted their price target on Osisko Gold Royalties from C$22.50 to C$24.00 in a report on Tuesday, April 19th. TD Securities lifted their price target on Osisko Gold Royalties from C$18.50 to C$20.00 in a research note on Thursday. National Bank Financial decreased their price objective on shares of Osisko Gold Royalties from C$22.00 to C$20.00 in a report on Thursday, July 21st. Finally, Raymond James raised their target price on Osisko Gold Royalties from C$20.00 to C$21.00 in a report on Thursday.
Osisko Gold Royalties Trading Up 1.5 %
Shares of NYSE:OR traded up $0.16 during mid-day trading on Friday, reaching $10.58. The company had a trading volume of 476,803 shares, compared to its average volume of 997,145. The firm has a 50 day simple moving average of $10.49 and a two-hundred day simple moving average of $11.82. Osisko Gold Royalties has a 52-week low of $9.25 and a 52-week high of $14.56.
Osisko Gold Royalties (NYSE:OR - Get Rating) last posted its earnings results on Thursday, May 12th. The basic materials company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.08). The firm had revenue of $46.89 million for the quarter. Osisko Gold Royalties had a positive return on equity of 0.94% and a negative net margin of 0.95%. On average, sell-side analysts expect that Osisko Gold Royalties will post 0.36 earnings per share for the current fiscal year.
Osisko Gold Royalties Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a dividend of $0.043 per share. The ex-dividend date is Thursday, September 29th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 1.63%. Osisko Gold Royalties's dividend payout ratio (DPR) is presently -849.58%.