Osisko gold royalties Ltd (NYSE:OR) Increases Dividend to $0.04 Per Share

Osisko gold royalties Ltd (NYSE:OR) announced a quarterly dividend on Wednesday, July 31st, Zacks reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.038 per share by the basic materials company on Tuesday, October 15th. This represents a $0.15 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Friday, September 27th. This is a boost from Osisko gold royalties’s previous quarterly dividend of $0.04.

NYSE:OR traded down $0.09 during trading hours on Friday, reaching $12.01. The company had a trading volume of 65,082 shares, compared to its average volume of 737,815. The company has a debt-to-equity ratio of 0.19, a quick ratio of 5.84 and a current ratio of 5.84. Osisko gold royalties has a 52 week low of $7.00 and a 52 week high of $12.43. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 80.07, a price-to-earnings-growth ratio of 5.47 and a beta of 0.01. The company’s 50 day simple moving average is $10.98.

Osisko gold royalties (NYSE:OR) last posted its earnings results on Wednesday, May 1st. The basic materials company reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03. Osisko gold royalties had a negative net margin of 28.58% and a positive return on equity of 1.55%. The business had revenue of $75.49 million during the quarter, compared to the consensus estimate of $91.96 million. On average, equities research analysts predict that Osisko gold royalties will post 0.12 earnings per share for the current year.

A number of equities research analysts have commented on OR shares. Desjardins downgraded shares of Osisko gold royalties from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Canaccord Genuity reaffirmed a “buy” rating on shares of Osisko gold royalties in a research report on Friday, July 19th. TD Securities downgraded shares of Osisko gold royalties from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. ValuEngine raised shares of Osisko gold royalties from a “hold” rating to a “buy” rating in a research report on Saturday, June 1st. Finally, Zacks Investment Research raised shares of Osisko gold royalties from a “sell” rating to a “hold” rating in a research report on Wednesday, July 17th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Osisko gold royalties presently has an average rating of “Buy” and an average price target of $16.13.

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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Dividend History for Osisko gold royalties (NYSE:OR)

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