Osisko Gold Royalties Ltd Expected to Earn Q3 2022 Earnings of $0.09 Per Share (NYSE:OR)

Osisko Gold Royalties Ltd (NYSE:OR – Get Rating) – Research analysts at Raymond James lowered their Q3 2022 EPS estimates for shares of Osisko Gold Royalties in a report released on Tuesday, April 19th. Raymond James analyst B. Macarthur now forecasts that the basic materials company will post earnings per share of $0.09 for the quarter, down from their previous estimate of $0.10. Raymond James also issued estimates for Osisko Gold Royalties’ Q4 2022 earnings at $0.09 EPS, Q1 2023 earnings at $0.09 EPS and Q4 2023 earnings at $0.08 EPS.

Osisko Gold Royalties (NYSE:OR – Get Rating) last issued its quarterly earnings results on Thursday, February 24th. The basic materials company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.07). The firm had revenue of $40.20 million for the quarter. Osisko Gold Royalties had a negative net margin of 10.62% and a positive return on equity of 3.27%.

Several other equities research analysts have also recently weighed in on OR. Scotiabank upped their price target on shares of Osisko Gold Royalties from C$22.50 to C$24.00 in a research report on Tuesday. National Bank Financial upped their price target on shares of Osisko Gold Royalties from C$20.00 to C$22.00 in a research report on Wednesday. TD Securities upped their price target on shares of Osisko Gold Royalties from C$21.00 to C$23.00 in a research report on Wednesday, April 6th. Zacks Investment Research cut shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research report on Tuesday, January 25th. Finally, BMO Capital Markets decreased their target price on shares of Osisko Gold Royalties from C$20.00 to C$19.00 in a research report on Friday, February 25th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $20.93.

Osisko Gold Royalties stock opened at $14.23 on Thursday. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of -129.36 and a beta of 0.73. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.44 and a quick ratio of 0.39. Osisko Gold Royalties has a 1 year low of $10.64 and a 1 year high of $15.12. The firm has a 50-day moving average of $13.31 and a two-hundred day moving average of $12.40.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 14th. Shareholders of record on Thursday, March 31st were paid a dividend of $0.043 per share. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $0.17 dividend on an annualized basis and a yield of 1.21%. Osisko Gold Royalties’s payout ratio is -154.55%.

Institutional investors have recently modified their holdings of the business. Autumn Glory Partners LLC acquired a new position in Osisko Gold Royalties during the 4th quarter valued at approximately $122,000. Terril Brothers Inc. acquired a new position in Osisko Gold Royalties during the 4th quarter valued at approximately $123,000. Qube Research & Technologies Ltd acquired a new stake in shares of Osisko Gold Royalties in the fourth quarter worth $128,000. US Bancorp DE increased its stake in shares of Osisko Gold Royalties by 14.8% in the third quarter. US Bancorp DE now owns 10,863 shares of the basic materials company’s stock worth $122,000 after acquiring an additional 1,400 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Osisko Gold Royalties in the third quarter worth $145,000. Institutional investors and hedge funds own 59.60% of the company’s stock.

Osisko Gold Royalties Company Profile (Get Rating)

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and offtake and other interests in Canada and internationally. It also owns options on royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company's primary asset is a 5% net smelter return royalty on the Canadian Malartic mine located in Canada.

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