Osisko Gold Royalties Ltd (NYSE:OR – Get Rating) – Investment analysts at Raymond James lifted their FY2022 earnings estimates for shares of Osisko Gold Royalties in a research note issued on Thursday, November 10th. Raymond James analyst B. Macarthur now forecasts that the basic materials company will earn $0.30 per share for the year, up from their previous estimate of $0.26. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.35 per share.
A number of other brokerages have also issued reports on OR. National Bank Financial upped their price target on shares of Osisko Gold Royalties from C$20.00 to C$22.00 in a research note on Thursday, October 13th. BMO Capital Markets upped their price target on shares of Osisko Gold Royalties from C$18.50 to C$20.00 in a research note on Friday. TD Securities upped their price target on shares of Osisko Gold Royalties from C$18.50 to C$20.00 in a research note on Thursday, August 11th. Finally, Stifel Nicolaus cut their price target on shares of Osisko Gold Royalties from C$22.00 to C$19.50 in a research note on Wednesday, July 20th.
Osisko Gold Royalties Stock Up 2.5 %
NYSE OR opened at $12.95 on Monday. The firm has a market cap of $2.38 billion, a PE ratio of -18.77 and a beta of 0.69. The company has a 50 day moving average price of $10.39 and a 200 day moving average price of $10.61. Osisko Gold Royalties has a 52 week low of $9.19 and a 52 week high of $14.56.
Osisko Gold Royalties (NYSE:OR – Get Rating) last posted its quarterly earnings data on Wednesday, November 9th. The basic materials company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.08 by $0.03. The firm had revenue of $41.14 million during the quarter. Osisko Gold Royalties had a negative net margin of 69.93% and a positive return on equity of 1.25%.
Osisko Gold Royalties Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 16th. Stockholders of record on Friday, December 30th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Thursday, December 29th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.24%. Osisko Gold Royalties’s payout ratio is currently -24.64%.
Institutional Trading of Osisko Gold Royalties
Hedge funds and other institutional investors have recently made changes to their positions in the business. CoreCap Advisors LLC purchased a new stake in Osisko Gold Royalties during the second quarter worth $34,000. Great West Life Assurance Co. Can purchased a new stake in Osisko Gold Royalties during the third quarter worth $83,000. Northern Trust Corp purchased a new stake in Osisko Gold Royalties during the second quarter worth $101,000. Newman Dignan & Sheerar Inc. purchased a new stake in Osisko Gold Royalties during the third quarter worth $108,000. Finally, First Republic Investment Management Inc. purchased a new stake in Osisko Gold Royalties during the second quarter worth $108,000. Institutional investors and hedge funds own 55.53% of the company’s stock.
Osisko Gold Royalties Company Profile
Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and offtake and other interests in Canada and internationally. It also owns options on royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company’s primary asset is a 5% net smelter return royalty on the Canadian Malartic mine located in Canada.
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Read More:FY2022 EPS Estimates for Osisko Gold Royalties Ltd (NYSE:OR) Lifted by Raymond James
2022-11-14 07:20:07
