Osisko Gold Royalties Ltd (NYSE:OR) – Stock analysts at Cormark reduced their FY2018 earnings per share (EPS) estimates for Osisko Gold Royalties in a report issued on Thursday. Cormark analyst R. Gray now anticipates that the basic materials company will post earnings of $0.12 per share for the year, down from their prior forecast 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.
Several other brokerages have also commented on OR. Zacks Investment Research lowered shares of Osisko Gold Royalties from a “hold” rating to a “sell” rating in a research report on Wednesday, January 24th. Desjardins reaffirmed a “buy” rating on shares of Osisko Gold Royalties in a research report on Monday, December 11th. Finally, ValuEngine lowered shares of 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 given a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $18.25.
Osisko Gold Royalties (NYSE:OR) last announced its quarterly earnings data on Tuesday, February 20th. The basic materials company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.02). The company had revenue of $109.60 million during the quarter, compared to analysts’ expectations of $82.45 million. Osisko Gold Royalties had a negative net margin of 20.24% and a positive return on equity of 1.45%. The business’s revenue for the quarter was up 700.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.07 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.62%. The ex-dividend date is Wednesday, March 28th. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.04. Osisko Gold Royalties’s dividend payout ratio is -61.54%.
A number of large investors have recently modified their holdings of the stock. Swiss National Bank increased its holdings in Osisko Gold Royalties by 2.5% in the 4th quarter. Swiss National Bank now owns 199,630 shares of the basic materials company’s stock worth $2,308,000 after buying an additional 4,900 shares during the period. CIBC World Markets Inc. increased its holdings in Osisko Gold Royalties by 8.5% in the 4th quarter. CIBC World Markets Inc. now owns 80,927 shares of the basic materials company’s stock worth $936,000 after buying an additional 6,340 shares during the period. Bank of New York Mellon Corp increased its holdings in Osisko Gold Royalties by 61.8% in the 4th quarter. Bank of New York Mellon Corp now owns 19,382 shares of the basic materials company’s stock worth $225,000 after buying an additional 7,401 shares during the period. PEAK6 Investments L.P. increased its holdings in Osisko Gold Royalties by 207.6% in the 4th quarter. PEAK6 Investments L.P. now owns 10,989 shares of the basic materials company’s stock worth $127,000 after buying an additional 7,417 shares during the period. Finally, Jane Street Group LLC increased its holdings in Osisko Gold Royalties by 10.6% in the 3rd quarter. Jane Street Group LLC now owns 83,360 shares of the basic materials company’s stock worth $1,075,000 after buying an additional 7,982 shares during the period. Institutional investors own 48.42% of the company’s stock.
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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.
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