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.
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