Osisko Gold Royalties Ltd (NYSE:OR) – Cormark cut their FY2018 earnings estimates for shares of Osisko Gold Royalties in a report released on Thursday. Cormark analyst R. Gray now expects that the basic materials company will earn $0.12 per share for the year, down from their prior estimate of $0.14. Cormark also issued estimates for Osisko Gold Royalties’ Q3 2019 earnings at $0.06 EPS, Q4 2019 earnings at $0.06 EPS and FY2019 earnings at $0.21 EPS.

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A number of other equities research analysts also recently weighed in on OR. Zacks Investment Research downgraded Osisko Gold Royalties from a “hold” rating to a “sell” rating in a research report on Wednesday, February 21st. Desjardins reissued a “buy” rating on shares of Osisko Gold Royalties in a research report on Monday, December 11th. Finally, ValuEngine downgraded Osisko Gold Royalties from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $18.25.

Osisko Gold Royalties (NYSE OR) traded down $0.10 during trading on Monday, hitting $9.84. The stock had a trading volume of 110,492 shares, compared to its average volume of 655,809. Osisko Gold Royalties has a twelve month low of $9.51 and a twelve month high of $14.39. The company has a market capitalization of $1,572.02, a price-to-earnings ratio of -58.47, a PEG ratio of 9.17 and a beta of 0.58. The company has a quick ratio of 11.90, a current ratio of 12.24 and a debt-to-equity ratio of 0.25.

Osisko Gold Royalties (NYSE:OR) last posted its quarterly earnings data on Tuesday, February 20th. The basic materials company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The business had revenue of $109.60 million during the quarter, compared to the consensus estimate of $82.45 million. Osisko Gold Royalties had a positive return on equity of 1.45% and a negative net margin of 20.24%. The company’s revenue for the quarter was up 700.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.07 earnings per share.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.63%. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.04. The ex-dividend date is Wednesday, March 28th. Osisko Gold Royalties’s payout ratio is presently -94.11%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Premia Global Advisors LLC acquired a new stake in Osisko Gold Royalties during the fourth quarter valued at approximately $115,000. PEAK6 Investments L.P. boosted its holdings in Osisko Gold Royalties by 207.6% during the fourth quarter. PEAK6 Investments L.P. now owns 10,989 shares of the basic materials company’s stock valued at $127,000 after purchasing an additional 7,417 shares in the last quarter. Virtu Financial LLC acquired a new stake in Osisko Gold Royalties during the third quarter valued at approximately $145,000. Scotia Capital Inc. acquired a new stake in Osisko Gold Royalties during the fourth quarter valued at approximately $194,000. Finally, Bank of New York Mellon Corp boosted its holdings in Osisko Gold Royalties by 61.8% during the fourth quarter. Bank of New York Mellon Corp now owns 19,382 shares of the basic materials company’s stock valued at $225,000 after purchasing an additional 7,401 shares in the last quarter. 48.91% of the stock is currently owned by institutional investors.

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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.

Earnings History and Estimates for Osisko Gold Royalties (NYSE:OR)

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