Shares of Osisko gold royalties Ltd (NYSE:OR) have been given an average rating of “Buy” by the ten ratings firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $15.50.
Several research firms recently issued reports on OR. Zacks Investment Research downgraded Osisko gold royalties from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. ValuEngine raised Osisko gold royalties from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. TheStreet raised Osisko gold royalties from a “d+” rating to a “c-” rating in a research report on Tuesday, February 26th. Desjardins downgraded Osisko gold royalties from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Finally, Scotiabank reissued an “average” rating and issued a $18.00 target price on shares of Osisko gold royalties in a research report on Thursday, February 21st.
Large investors have recently bought and sold shares of the business. Deutsche Bank AG boosted its stake in shares of Osisko gold royalties by 160.1% during the 4th quarter. Deutsche Bank AG now owns 905,260 shares of the basic materials company’s stock worth $7,947,000 after acquiring an additional 557,258 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in shares of Osisko gold royalties during the 4th quarter worth about $372,000. Geode Capital Management LLC purchased a new stake in shares of Osisko gold royalties during the 4th quarter worth about $154,000. Norges Bank purchased a new stake in shares of Osisko gold royalties during the 4th quarter worth about $6,769,000. Finally, Legal & General Group Plc boosted its stake in shares of Osisko gold royalties by 5.1% during the 4th quarter. Legal & General Group Plc now owns 43,509 shares of the basic materials company’s stock worth $381,000 after acquiring an additional 2,124 shares in the last quarter. 50.90% of the stock is currently owned by institutional investors.
Osisko gold royalties (NYSE:OR) last released its earnings results on Wednesday, February 20th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04. Osisko gold royalties had a positive return on equity of 1.68% and a negative net margin of 21.05%. The firm had revenue of $115.34 million for the quarter, compared to the consensus estimate of $126.70 million. During the same period in the prior year, the firm earned $0.01 EPS. The firm’s revenue was up 5.3% on a year-over-year basis. Research analysts expect that Osisko gold royalties will post 0.14 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a $0.0378 dividend. This represents a $0.15 annualized dividend and a yield of 1.37%. The ex-dividend date was Thursday, March 28th. Osisko gold royalties’s payout ratio is 100.00%.
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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