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
Several research analysts have recently weighed in on OR shares. Raymond James decreased their target price on shares of Osisko Gold Royalties from C$23.00 to C$22.75 in a research note on Friday, May 13th. TheStreet downgraded shares of Osisko Gold Royalties from a "c-" rating to a "d+" rating in a research note on Tuesday, May 31st. Scotiabank upped their target price on shares of Osisko Gold Royalties from C$22.50 to C$24.00 in a research note on Tuesday, April 19th. Stifel Nicolaus cut their price target on shares of Osisko Gold Royalties from C$22.00 to C$19.50 in a report on Wednesday, July 20th. Finally, National Bank Financial cut their price target on shares of Osisko Gold Royalties from C$22.00 to C$20.00 in a report on Thursday, July 21st.
Osisko Gold Royalties Stock Down 0.7 %
OR traded down $0.07 during trading on Friday, hitting $10.33. The company had a trading volume of 607,187 shares, compared to its average volume of 790,096. Osisko Gold Royalties has a 1-year low of $9.25 and a 1-year high of $14.56. The business has a 50-day moving average of $10.58 and a 200-day moving average of $11.86. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06.
Osisko Gold Royalties (NYSE:OR - Get Rating) last issued its earnings results on Thursday, May 12th. The basic materials company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.08). The business had revenue of $46.89 million for the quarter. Osisko Gold Royalties had a positive return on equity of 2.33% and a negative net margin of 15.65%. On average, equities analysts anticipate that Osisko Gold Royalties will post 0.35 EPS for the current fiscal year.
Osisko Gold Royalties Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were issued a dividend of $0.043 per share. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 1.67%. Osisko Gold Royalties's dividend payout ratio (DPR) is -106.25%.