Cormark Brokers Reduce Earnings Estimates for Osisko Gold Royalties Ltd (OR)

Osisko Gold Royalties Ltd (NYSE:OR) – Cormark reduced their Q4 2017 earnings per share (EPS) estimates for Osisko Gold Royalties in a report released on Monday. Cormark analyst R. Gray now anticipates that the basic materials company will post earnings of $0.02 per share for the quarter, down from their previous forecast of $0.03.

A number of other equities research analysts have also recently commented on OR. Zacks Investment Research upgraded shares of Osisko Gold Royalties from a “sell” rating to a “hold” rating in a report on Tuesday. Desjardins restated a “buy” rating on shares of Osisko Gold Royalties in a report on Monday, December 11th. Finally, Scotiabank restated a “buy” rating and issued a $20.00 price target on shares of Osisko Gold Royalties in a report on Monday, November 6th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Osisko Gold Royalties presently has a consensus rating of “Buy” and an average price target of $18.25.

Shares of Osisko Gold Royalties (NYSE OR) opened at $10.83 on Thursday. The company has a quick ratio of 5.80, a current ratio of 6.18 and a debt-to-equity ratio of 0.10. The company has a market cap of $1,666.03, a price-to-earnings ratio of 53.05 and a beta of -0.39. Osisko Gold Royalties has a twelve month low of $10.02 and a twelve month high of $14.39.

Several hedge funds and other institutional investors have recently modified their holdings of the company. PEAK6 Investments L.P. grew its holdings in shares of Osisko Gold Royalties by 207.6% during the fourth quarter. PEAK6 Investments L.P. now owns 10,989 shares of the basic materials company’s stock valued at $127,000 after buying an additional 7,417 shares during the last quarter. Paloma Partners Management Co grew its holdings in shares of Osisko Gold Royalties by 20.2% during the fourth quarter. Paloma Partners Management Co now owns 1,805,305 shares of the basic materials company’s stock valued at $20,857,000 after buying an additional 302,772 shares during the last quarter. Premia Global Advisors LLC acquired a new position in shares of Osisko Gold Royalties during the fourth quarter valued at about $115,000. Goldman Sachs Group Inc. grew its holdings in shares of Osisko Gold Royalties by 14.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 480,003 shares of the basic materials company’s stock valued at $5,549,000 after buying an additional 59,623 shares during the last quarter. Finally, Advisor Group Inc. acquired a new position in shares of Osisko Gold Royalties during the fourth quarter valued at about $242,000. Hedge funds and other institutional investors own 43.88% 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.

Earnings History and Estimates for Osisko Gold Royalties (NYSE:OR)

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