Zacks: Brokerages Anticipate Osisko Gold Royalties (OR) Will Announce Earnings of $0.02 Per Share

Equities research analysts predict that Osisko Gold Royalties (NYSE:OR) will post earnings per share of $0.02 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 $0.04. Osisko Gold Royalties posted earnings of $0.05 per share in the same quarter last year, which would indicate a negative year over year growth rate of 60%. The firm is expected to report its next quarterly earnings report on Thursday, August 2nd.

On average, analysts expect that Osisko Gold Royalties will report full year earnings of $0.19 per share for the current financial year, with EPS estimates ranging from $0.06 to $0.46. For the next year, analysts anticipate that the business will post earnings of $0.32 per share, with EPS estimates ranging from $0.04 to $0.69. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Osisko Gold Royalties.

Osisko Gold Royalties (NYSE:OR) last posted its quarterly earnings data on Thursday, May 3rd. The basic materials company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. Osisko Gold Royalties had a positive return on equity of 1.44% and a negative net margin of 13.84%. The business had revenue of $99.40 million for the quarter.

OR has been the topic of several research analyst reports. TheStreet cut Osisko Gold Royalties from a “c” rating to a “d” rating in a research report on Thursday, March 22nd. ValuEngine cut Osisko Gold Royalties from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Zacks Investment Research raised Osisko Gold Royalties from a “sell” rating to a “hold” rating in a research report on Tuesday, February 13th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $18.25.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Swiss National Bank lifted its position in shares of Osisko Gold Royalties by 2.5% during the 4th quarter. Swiss National Bank now owns 199,630 shares of the basic materials company’s stock valued at $2,308,000 after buying an additional 4,900 shares during the last quarter. CIBC World Markets Inc. lifted its position in shares of Osisko Gold Royalties by 8.5% during the 4th quarter. CIBC World Markets Inc. now owns 80,927 shares of the basic materials company’s stock valued at $936,000 after buying an additional 6,340 shares during the last quarter. Guggenheim Capital LLC lifted its position in shares of Osisko Gold Royalties by 4.7% during the 1st quarter. Guggenheim Capital LLC now owns 160,957 shares of the basic materials company’s stock valued at $1,556,000 after buying an additional 7,167 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Osisko Gold Royalties by 61.8% during the 4th quarter. Bank of New York Mellon Corp now owns 19,382 shares of the basic materials company’s stock valued at $225,000 after purchasing an additional 7,401 shares during the period. Finally, PEAK6 Investments L.P. raised its stake in shares of Osisko Gold Royalties by 207.6% during the 4th quarter. PEAK6 Investments L.P. now owns 10,989 shares of the basic materials company’s stock valued at $127,000 after purchasing an additional 7,417 shares during the period. 48.15% of the stock is currently owned by hedge funds and other institutional investors.

Osisko Gold Royalties traded down $0.08, hitting $10.07, during midday trading on Friday, Marketbeat.com reports. The company’s stock had a trading volume of 317,100 shares, compared to its average volume of 608,807. The company has a current ratio of 12.83, a quick ratio of 12.47 and a debt-to-equity ratio of 0.25. Osisko Gold Royalties has a 1 year low of $10.20 and a 1 year high of $10.36. The stock has a market cap of $1.60 billion, a P/E ratio of 71.93, a P/E/G ratio of 3.18 and a beta of 0.42.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Friday, June 29th will be given a dividend of $0.0389 per share. The ex-dividend date is Thursday, June 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.55%. Osisko Gold Royalties’s dividend payout ratio is presently 114.29%.

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 and silver mine; and a silver stream on the Gibraltar mine, all located in Canada.

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

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