Brokers Set Expectations for Osisko gold royalties Ltd’s Q3 2017 Earnings (OR)

Osisko gold royalties Ltd (TSE:OR) – Investment analysts at Cormark boosted their Q3 2017 earnings estimates for shares of Osisko gold royalties in a research note issued to investors on Tuesday. Cormark analyst R. Gray now anticipates that the company will post earnings per share of $0.09 for the quarter, up from their previous forecast of $0.08. Cormark also issued estimates for Osisko gold royalties’ FY2017 earnings at $0.31 EPS and FY2019 earnings at $0.41 EPS.

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A number of other equities research analysts also recently issued reports on OR. TD Securities downgraded shares of Osisko gold royalties from a “buy” rating to a “hold” rating and decreased their price target for the company from C$19.50 to C$19.00 in a research note on Tuesday, June 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a C$21.00 price target (up previously from C$20.00) on shares of Osisko gold royalties in a research note on Tuesday, June 6th. Scotiabank boosted their price objective on shares of Osisko gold royalties from C$18.00 to C$19.00 and gave the company an “outperform” rating in a research report on Wednesday, June 7th. Raymond James Financial, Inc. assumed coverage on shares of Osisko gold royalties in a research report on Thursday, June 15th. They set an “outperform” rating and a C$20.00 price objective on the stock. Finally, Canaccord Genuity reiterated a “buy” rating and set a C$21.50 price objective on shares of Osisko gold royalties in a research report on Tuesday, June 6th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Osisko gold royalties has a consensus rating of “Buy” and an average price target of C$19.19.

Shares of Osisko gold royalties (TSE:OR) opened at 15.72 on Wednesday. The stock has a market capitalization of $1.68 billion and a PE ratio of 36.30. The company’s 50 day moving average is $15.91 and its 200-day moving average is $15.12. Osisko gold royalties has a 52 week low of $11.90 and a 52 week high of $17.58.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be given a dividend of $0.05 per share. This is a boost from Osisko gold royalties’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.20 dividend on an annualized basis and a yield of 1.27%.

In related news, Director Christopher C. Curfman purchased 3,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were purchased at an average cost of C$12.32 per share, for a total transaction of C$36,960.00. Also, Director John Feliks Burzynski sold 18,500 shares of the company’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of C$16.08, for a total transaction of C$297,480.00. In the last quarter, insiders have acquired 5,790 shares of company stock worth $76,370 and have sold 75,300 shares worth $1,226,020.

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 (TSE:OR)

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