$0.06 Earnings Per Share Expected for Osisko gold royalties Ltd (NYSE:OR) This Quarter

Share on StockTwits

Equities research analysts forecast that Osisko gold royalties Ltd (NYSE:OR) will post earnings per share (EPS) of $0.06 for the current quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Osisko gold royalties’ earnings, with estimates ranging from $0.02 to $0.11. Osisko gold royalties posted earnings per share of $0.09 in the same quarter last year, which would suggest a negative year over year growth rate of 33.3%. The company is expected to report its next earnings results on Wednesday, November 4th.

According to Zacks, analysts expect that Osisko gold royalties will report full year earnings of $0.22 per share for the current fiscal year, with EPS estimates ranging from $0.17 to $0.31. For the next year, analysts anticipate that the business will post earnings of $0.42 per share, with EPS estimates ranging from $0.26 to $0.59. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Osisko gold royalties.

Several research analysts recently weighed in on the stock. Canaccord Genuity reissued a “buy” rating on shares of Osisko gold royalties in a research note on Wednesday, May 13th. Raymond James boosted their target price on Osisko gold royalties from $17.50 to $19.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Scotiabank boosted their target price on Osisko gold royalties from $16.00 to $21.00 and gave the stock an “outperform” rating in a report on Monday, July 20th. BMO Capital Markets boosted their price target on Osisko gold royalties from $15.50 to $16.50 and gave the stock a “market perform” rating in a research report on Thursday, August 6th. Finally, Zacks Investment Research raised Osisko gold royalties from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $16.38.

Several hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC bought a new position in Osisko gold royalties during the 2nd quarter worth $40,000. Wells Fargo & Company MN grew its stake in Osisko gold royalties by 113.0% during the 1st quarter. Wells Fargo & Company MN now owns 4,259 shares of the basic materials company’s stock worth $32,000 after buying an additional 2,259 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in Osisko gold royalties by 120.4% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 5,000 shares of the basic materials company’s stock worth $50,000 after buying an additional 2,731 shares during the last quarter. Cipher Capital LP bought a new position in Osisko gold royalties during the 2nd quarter worth $102,000. Finally, National Asset Management Inc. bought a new position in Osisko gold royalties during the 2nd quarter worth $146,000. 54.31% of the stock is currently owned by institutional investors and hedge funds.

Shares of OR traded down $0.35 during trading hours on Tuesday, hitting $11.80. The stock had a trading volume of 752,419 shares, compared to its average volume of 744,550. Osisko gold royalties has a fifty-two week low of $4.65 and a fifty-two week high of $12.99. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.19 and a current ratio of 3.19. The firm has a 50-day moving average price of $11.55 and a 200 day moving average price of $9.66. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of -11.35, a PEG ratio of 1.74 and a beta of 0.71.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.037 per share. This is a positive change from Osisko gold royalties’s previous quarterly dividend of $0.04. This represents a $0.15 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Tuesday, September 29th. Osisko gold royalties’s dividend payout ratio is currently 71.43%.

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.

Further Reading: What is a price target?

Get a free copy of the Zacks research report on Osisko gold royalties (OR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Osisko gold royalties (NYSE:OR)

Receive News & Ratings for Osisko gold royalties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Osisko gold royalties and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply