Osisko gold royalties (OR) Downgraded to Hold at TD Securities

TD Securities lowered shares of Osisko gold royalties (TSE:OR) from a buy rating to a hold rating in a report issued on Monday, May 6th, BayStreet.CA reports. The firm currently has C$16.00 price objective on the stock, down from their previous price objective of C$17.50.

Several other equities analysts also recently issued reports on OR. National Bank Financial set a C$16.75 price objective on shares of Osisko gold royalties in a report on Thursday, April 18th. Canaccord Genuity decreased their price objective on shares of Osisko gold royalties from C$18.00 to C$17.50 in a report on Tuesday, April 23rd. Raymond James decreased their price target on shares of Osisko gold royalties from C$16.50 to C$16.00 in a research note on Friday, January 18th. CIBC raised their price target on shares of Osisko gold royalties from C$17.00 to C$18.00 in a research note on Monday, January 21st. Finally, Eight Capital raised their price target on shares of Osisko gold royalties from C$13.00 to C$13.25 in a research note on Thursday, February 21st. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of Buy and an average target price of C$16.25.

TSE OR traded up C$0.48 during mid-day trading on Monday, reaching C$14.08. 329,752 shares of the stock were exchanged, compared to its average volume of 400,082. Osisko gold royalties has a 1 year low of C$9.27 and a 1 year high of C$16.08. The company has a market capitalization of $2.05 billion and a PE ratio of -16.38. The company has a debt-to-equity ratio of 19.34, a quick ratio of 5.80 and a current ratio of 5.84.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Thursday, June 27th. Osisko gold royalties’s dividend payout ratio is presently -23.20%.

About Osisko gold royalties

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; a 3% NSR royalty on the Seabee gold operations located in Saskatchewan, Canada; and the 1.38% to 2.55% NSR royalty on the Island Gold mine.

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