Osisko Gold Royalties (OR) Receives Consensus Recommendation of “Buy” from Brokerages

Osisko Gold Royalties (TSE:OR) has received an average recommendation of “Buy” from the ten analysts that are currently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$17.28.

OR has been the subject of a number of recent analyst reports. Eight Capital upped their price objective on shares of Osisko Gold Royalties from C$15.25 to C$15.50 in a research report on Friday, March 9th. Royal Bank of Canada dropped their target price on shares of Osisko Gold Royalties from C$19.00 to C$18.00 and set an “outperform” rating on the stock in a research note on Thursday, March 15th. Raymond James dropped their target price on shares of Osisko Gold Royalties from C$19.00 to C$18.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 21st. National Bank Financial dropped their target price on shares of Osisko Gold Royalties from C$18.50 to C$16.25 and set an “outperform” rating on the stock in a research note on Wednesday, February 21st. Finally, TD Securities upgraded shares of Osisko Gold Royalties from a “hold” rating to a “buy” rating and dropped their target price for the company from C$17.50 to C$16.50 in a research note on Wednesday, February 21st.

In other Osisko Gold Royalties news, Director Joanne Shari Ferstman purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, April 13th. The shares were bought at an average cost of C$12.66 per share, for a total transaction of C$63,300.00. Also, insider Elif Lévesque purchased 4,045 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were acquired at an average price of C$12.35 per share, for a total transaction of C$49,955.75. Over the last quarter, insiders acquired 15,445 shares of company stock worth $192,606.

OR stock traded down C$0.12 during trading on Thursday, reaching C$12.88. The stock had a trading volume of 168,298 shares, compared to its average volume of 429,432. Osisko Gold Royalties has a one year low of C$11.90 and a one year high of C$17.58.

Osisko Gold Royalties (TSE:OR) last issued its quarterly earnings data on Thursday, May 3rd. The company reported C$0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.04 by C$0.02. Osisko Gold Royalties had a negative net margin of 58.74% and a negative return on equity of 13.50%. The business had revenue of C$125.61 million during the quarter.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Friday, June 29th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Thursday, June 28th.

Osisko Gold Royalties Company Profile

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and similar interests in Canada and internationally. Its assets include the 5% net smelter return (NSR) royalty on the Canadian Malartic mine; the 2.0% to 3.5% NSR royalty on the Eleonore mine; a 9.6% diamond stream on the Renard diamond mine; a 4% gold and silver stream on the Brucejack gold and silver mine; and a silver stream on the Gibraltar mine, all located in Canada.

Analyst Recommendations for Osisko Gold Royalties (TSE:OR)

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