Osisko Gold Royalties Ltd (OR) Expected to Earn FY2017 Earnings of $0.14 Per Share
Osisko Gold Royalties Ltd (NYSE:OR) – Equities researchers at Desjardins issued their FY2017 earnings estimates for Osisko Gold Royalties in a research report issued on Monday. Desjardins analyst J. Wolfson expects that the basic materials company will post earnings per share of $0.14 for the year. Desjardins currently has a “Buy” rating on the stock. Desjardins also issued estimates for Osisko Gold Royalties’ FY2018 earnings at $0.10 EPS and FY2019 earnings at $0.16 EPS.
Several other equities research analysts have also recently issued reports on the stock. Royal Bank of Canada restated an “outperform” rating on shares of Osisko Gold Royalties in a research report on Thursday, September 7th. Scotiabank restated a “buy” rating and set a $20.00 price objective on shares of Osisko Gold Royalties in a research report on Monday, November 6th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Osisko Gold Royalties has a consensus rating of “Buy” and an average price target of $18.25.
Osisko Gold Royalties (NYSE OR) opened at $10.84 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.18 and a quick ratio of 5.80. The firm has a market cap of $1,746.11, a PE ratio of 55.60 and a beta of -0.34. Osisko Gold Royalties has a 52 week low of $8.88 and a 52 week high of $14.39.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be given a dividend of $0.039 per share. This represents a $0.16 annualized dividend and a yield of 1.44%. The ex-dividend date is Thursday, December 28th. Osisko Gold Royalties’s payout ratio is currently 76.19%.
Institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new stake in Osisko Gold Royalties during the third quarter worth about $145,000. Legal & General Group Plc increased its position in Osisko Gold Royalties by 5.6% during the second quarter. Legal & General Group Plc now owns 12,979 shares of the basic materials company’s stock worth $158,000 after purchasing an additional 693 shares during the last quarter. Wolverine Trading LLC acquired a new stake in Osisko Gold Royalties during the third quarter worth about $292,000. Stifel Financial Corp increased its position in Osisko Gold Royalties by 34.0% during the second quarter. Stifel Financial Corp now owns 25,631 shares of the basic materials company’s stock worth $312,000 after purchasing an additional 6,500 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in Osisko Gold Royalties by 45.8% during the second quarter. SG Americas Securities LLC now owns 29,004 shares of the basic materials company’s stock worth $354,000 after purchasing an additional 9,106 shares during the last quarter. Hedge funds and other institutional investors own 44.18% of the company’s stock.
About Osisko Gold Royalties
Osisko Gold Royalties Ltd. acquires and manages precious metal and other royalties and streams, and similar interests in the Americas. It has 5% net smelter returns (NSR) royalty on the Canadian Malartic property located in the province of Québec, Canada; and 2% to 3.5% NSR royalty on the Éléonore mine situated in the James Bay area in Québec, Canada.
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