Wall Street brokerages forecast that Osisko gold royalties Ltd (NYSE:OR) will post earnings of $0.02 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Osisko gold royalties’ earnings, with estimates ranging from $0.00 to $0.03. Osisko gold royalties posted earnings per share of $0.05 in the same quarter last year, which would suggest a negative year over year growth rate of 60%. The firm is scheduled to issue its next earnings results on Wednesday, November 14th.
According to Zacks, analysts expect that Osisko gold royalties will report full-year earnings of $0.13 per share for the current fiscal year, with EPS estimates ranging from $0.05 to $0.37. For the next year, analysts anticipate that the business will post earnings of $0.16 per share, with EPS estimates ranging from ($0.01) to $0.48. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Osisko gold royalties.
Osisko gold royalties (NYSE:OR) last released its quarterly earnings results on Thursday, August 2nd. The basic materials company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. The business had revenue of $137.80 million for the quarter, compared to analysts’ expectations of $144.15 million. Osisko gold royalties had a negative net margin of 12.42% and a positive return on equity of 0.97%. The firm’s revenue for the quarter was up 640.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.07 earnings per share.
Separately, ValuEngine upgraded Osisko gold royalties from a “sell” rating to a “hold” rating in a report on Friday, May 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Osisko gold royalties has an average rating of “Hold” and an average target price of $20.00.
A number of large investors have recently made changes to their positions in the business. Van ECK Associates Corp raised its holdings in shares of Osisko gold royalties by 3.0% in the first quarter. Van ECK Associates Corp now owns 15,275,725 shares of the basic materials company’s stock valued at $147,711,000 after purchasing an additional 449,284 shares during the last quarter. Intact Investment Management Inc. raised its position in Osisko gold royalties by 13.9% in the 1st quarter. Intact Investment Management Inc. now owns 3,089,200 shares of the basic materials company’s stock worth $37,997,000 after buying an additional 376,200 shares during the last quarter. Sun Valley Gold LLC purchased a new position in Osisko gold royalties in the 1st quarter worth about $2,733,000. Renaissance Technologies LLC raised its position in Osisko gold royalties by 105.5% in the 4th quarter. Renaissance Technologies LLC now owns 455,356 shares of the basic materials company’s stock worth $5,264,000 after buying an additional 233,782 shares during the last quarter. Finally, Bard Associates Inc. purchased a new position in Osisko gold royalties in the 1st quarter worth about $1,850,000. Hedge funds and other institutional investors own 49.40% of the company’s stock.
NYSE:OR traded down $0.05 during trading hours on Tuesday, hitting $8.87. The company had a trading volume of 674,253 shares, compared to its average volume of 518,539. The stock has a market cap of $1.39 billion, a P/E ratio of 63.36, a price-to-earnings-growth ratio of 14.69 and a beta of 0.52. Osisko gold royalties has a 52 week low of $8.78 and a 52 week high of $14.39. The company has a quick ratio of 12.47, a current ratio of 7.78 and a debt-to-equity ratio of 0.22.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be issued a dividend of $0.038 per share. This represents a $0.15 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Thursday, September 27th. Osisko gold royalties’s dividend payout ratio (DPR) is presently 107.14%.
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 and silver mine; and a silver stream on the Gibraltar mine, all located in Canada.
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