Osisko Gold Royalties Soar 4.14% on Dividend Hike, Analyst Upgrades

Osisko Gold(OR) surged to a record high today, with an intraday gain of 4.14%, marking a 3.99% increase for the day and a 7.98% rise over the past three days.

The strategy of buying OR shares after they reached a recent high and holding for 1 week showed poor performance over the past 5 years. The annualized return was -22.4%, significantly underperforming the market. This indicates that relying on recent highs as a buying trigger and holding for a short duration is not a viable strategy for OR.

Erayak Power (RAYA): The annualized return for Erayak Power was -22.4% over the past 5 years when the strategy was to buy RAYA shares after they reached a recent high and hold for 1 week. This significantly underperformed the market, highlighting the ineffectiveness of this strategy for RAYA.

DoorDash (DASH): DoorDash's annualized return was -3.5% over the same period, indicating that waiting for a recent high to enter a position often leads to underperformance, especially in the short term. Oppenheimer analysts' price target hike to $280 from $220 reflects a more optimistic outlook, expecting accelerating profitability and improved EBITDA margin.

Regions Financial (RF): Regions Financial also showed an annualized return of -3.24% when relying on the same strategy, further emphasizing that this approach is not reliable for RF or similar stocks.

In conclusion, the evidence from Erayak Power, DoorDash, and Regions Financial consistently shows that buying shares after they reach a recent high and holding for a short period results in underperformance. This strategy is not recommended for these stocks based on historical data.

Osisko Gold Royalties' stock price has been positively influenced by several key factors. The company recently announced a 20% increase in its quarterly dividend, raising it to US$0.055 per common share, payable on July 15, 2025. This move is expected to boost investor confidence and contribute to the stock's upward trajectory.

Additionally, positive analyst actions have further bolstered market sentiment. Scotiabank upgraded Osisko Gold Royalties from a "hold" rating to a "strong-buy" rating, while Stifel Nicolaus increased their target price on the company's shares from C$33.00 to C$38.00. These adjustments reflect strong market confidence in the company's prospects, likely driving the stock price higher.