Research Analysts Offer Predictions for Osisko gold royalties Ltd’s Q1 2020 Earnings (NYSE:OR)

Osisko gold royalties Ltd (NYSE:OR) – Analysts at Cormark increased their Q1 2020 earnings per share estimates for Osisko gold royalties in a research report issued to clients and investors on Friday, November 8th, Zacks Investment Research reports. Cormark analyst R. Gray now expects that the basic materials company will post earnings per share of $0.08 for the quarter, up from their previous estimate of $0.07. Cormark also issued estimates for Osisko gold royalties’ Q2 2020 earnings at $0.08 EPS and Q4 2020 earnings at $0.08 EPS.

Other equities analysts have also recently issued research reports about the company. TD Securities decreased their price objective on Osisko gold royalties from $16.50 to $15.50 and set a “hold” rating for the company in a report on Tuesday, September 24th. Canaccord Genuity restated a “buy” rating on shares of Osisko gold royalties in a research note on Friday, August 23rd. National Bank Financial restated a “sector perform under weight” rating on shares of Osisko gold royalties in a research note on Thursday, November 21st. Royal Bank of Canada lowered Osisko gold royalties from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $19.00 to $16.00 in a research note on Tuesday, September 24th. Finally, CIBC lowered Osisko gold royalties from an “outperform” rating to a “neutral” rating and cut their price target for the company from $18.50 to $15.25 in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.82.

Shares of OR stock traded down $0.09 on Monday, hitting $8.88. The company had a trading volume of 811,281 shares, compared to its average volume of 715,943. The firm has a market cap of $1.38 billion, a P/E ratio of 59.20, a price-to-earnings-growth ratio of 1.78 and a beta of -0.12. The company has a 50-day moving average price of $9.05 and a 200-day moving average price of $10.61. The company has a quick ratio of 9.27, a current ratio of 9.27 and a debt-to-equity ratio of 0.24. Osisko gold royalties has a twelve month low of $7.28 and a twelve month high of $13.43.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.038 dividend. The ex-dividend date is Monday, December 30th. This represents a $0.15 annualized dividend and a dividend yield of 1.71%. Osisko gold royalties’s dividend payout ratio is presently 100.00%.

Several institutional investors have recently made changes to their positions in OR. A.R.T. Advisors LLC increased its stake in Osisko gold royalties by 4.5% during the 2nd quarter. A.R.T. Advisors LLC now owns 41,564 shares of the basic materials company’s stock worth $434,000 after buying an additional 1,800 shares in the last quarter. Advisor Group Inc. increased its stake in Osisko gold royalties by 40.9% during the 2nd quarter. Advisor Group Inc. now owns 6,986 shares of the basic materials company’s stock worth $73,000 after buying an additional 2,028 shares in the last quarter. Cidel Asset Management Inc. increased its stake in Osisko gold royalties by 12.6% during the 2nd quarter. Cidel Asset Management Inc. now owns 21,552 shares of the basic materials company’s stock worth $225,000 after buying an additional 2,409 shares in the last quarter. Bard Associates Inc. increased its stake in Osisko gold royalties by 1.4% during the 2nd quarter. Bard Associates Inc. now owns 192,795 shares of the basic materials company’s stock worth $2,013,000 after buying an additional 2,750 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in Osisko gold royalties by 282.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 12,738 shares of the basic materials company’s stock worth $119,000 after buying an additional 9,410 shares in the last quarter. Hedge funds and other institutional investors own 59.04% of the company’s stock.

Osisko gold royalties Company Profile

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.

See Also: What is a Real Estate Investment Trust (REIT)?

Get a free copy of the Zacks research report on Osisko gold royalties (OR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Osisko gold royalties (NYSE:OR)

Receive News & Ratings for Osisko gold royalties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Osisko gold royalties and related companies with MarketBeat.com's FREE daily email newsletter.