Osisko gold royalties Ltd (OR) Receives Average Recommendation of “Buy” from Brokerages
Shares of Osisko gold royalties Ltd (TSE:OR) have earned a consensus recommendation of “Buy” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$18.94.
Several equities research analysts recently weighed in on the stock. Scotiabank increased their price objective on shares of Osisko gold royalties from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 7th. TD Securities cut shares of Osisko gold royalties from a “buy” rating to a “hold” rating and cut their target price for the stock from C$19.50 to C$19.00 in a report on Tuesday, June 6th. Royal Bank Of Canada restated an “outperform” rating and issued a C$21.00 target price (up from C$20.00) on shares of Osisko gold royalties in a research note on Tuesday, June 6th. Canaccord Genuity restated a “buy” rating and issued a C$21.50 target price on shares of Osisko gold royalties in a research note on Tuesday, June 6th. Finally, Raymond James Financial, Inc. initiated coverage on Osisko gold royalties in a report on Thursday, June 15th. They set an “outperform” rating and a C$20.00 target price for the company.
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Osisko gold royalties (OR) traded down 0.31% during mid-day trading on Wednesday, reaching $16.05. The company’s stock had a trading volume of 141,461 shares. Osisko gold royalties has a 12 month low of $11.90 and a 12 month high of $17.58. The stock’s 50-day moving average is $16.46 and its 200-day moving average is $15.54. The firm has a market capitalization of $2.52 billion and a PE ratio of 41.37.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.20 annualized dividend and a dividend yield of 1.25%. This is a positive change from Osisko gold royalties’s previous quarterly dividend of $0.03.
Osisko gold royalties Company Profile
Osisko Gold Royalties Ltd (Osisko) is a Canada-based company engaged in the business of acquiring and managing precious metal and other interests in Canada and across the world. The Company’s assets include the Canadian Malartic mine, located in Malartic, Quebec and Eleonore mine, located in the James Bay area in Quebec.
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