Analysts expect Osisko gold royalties Ltd (NYSE:OR) to post $0.05 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Osisko gold royalties’ earnings. Osisko gold royalties posted earnings of $0.06 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 16.7%. The firm is expected to announce its next earnings results on Wednesday, February 19th.
On average, analysts expect that Osisko gold royalties will report full year earnings of $0.19 per share for the current fiscal year, with EPS estimates ranging from $0.17 to $0.20. For the next fiscal year, analysts forecast that the firm will report earnings of $0.24 per share, with EPS estimates ranging from $0.19 to $0.27. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Osisko gold royalties.
A number of analysts have recently commented on OR shares. Royal Bank of Canada cut Osisko gold royalties from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $19.00 to $16.00 in a research report on Tuesday, September 24th. CIBC cut Osisko gold royalties from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $18.50 to $15.25 in a research report on Tuesday. Zacks Investment Research upgraded Osisko gold royalties from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Saturday, September 28th. ValuEngine lowered Osisko gold royalties from a “hold” rating to a “sell” rating in a research note on Tuesday, October 1st. Finally, TD Securities lowered their price target on Osisko gold royalties from $16.50 to $15.50 and set a “hold” rating on the stock in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.82.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OR. Tocqueville Asset Management L.P. boosted its stake in Osisko gold royalties by 136.0% during the third quarter. Tocqueville Asset Management L.P. now owns 8,559,606 shares of the basic materials company’s stock worth $33,729,000 after buying an additional 4,932,000 shares during the last quarter. Luminus Management LLC purchased a new stake in Osisko gold royalties in the second quarter valued at $11,720,000. EdgePoint Investment Group Inc. raised its position in Osisko gold royalties by 9.5% in the third quarter. EdgePoint Investment Group Inc. now owns 11,511,726 shares of the basic materials company’s stock valued at $106,967,000 after purchasing an additional 995,706 shares during the period. Anson Funds Management LP purchased a new stake in Osisko gold royalties in the second quarter valued at $4,015,000. Finally, Morgan Stanley raised its position in Osisko gold royalties by 23.7% in the second quarter. Morgan Stanley now owns 1,926,080 shares of the basic materials company’s stock valued at $20,107,000 after purchasing an additional 369,348 shares during the period. 52.86% of the stock is currently owned by institutional investors.
Shares of Osisko gold royalties stock traded up $0.04 on Friday, reaching $8.50. The company’s stock had a trading volume of 918,063 shares, compared to its average volume of 711,661. The company has a market capitalization of $1.33 billion, a P/E ratio of 56.67, a PEG ratio of 1.87 and a beta of -0.07. Osisko gold royalties has a 52-week low of $7.00 and a 52-week high of $13.43. The stock has a 50-day moving average price of $9.70 and a 200-day moving average price of $10.84. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.22.
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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