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

Analysts forecast that Osisko Gold Royalties (NYSE:OR) will announce earnings per share (EPS) of $0.02 for the current quarter, according to Zacks. Zero analysts have issued estimates for Osisko Gold Royalties’ earnings, with the lowest EPS estimate coming in at $0.00 and the highest estimate coming in at $0.03. Osisko Gold Royalties reported earnings of $0.05 per share during the same quarter last year, which would indicate a negative year over year growth rate of 60%. The business is expected to announce its next quarterly earnings results on Thursday, May 3rd.

According to Zacks, analysts expect that Osisko Gold Royalties will report full year earnings of $0.21 per share for the current financial year, with EPS estimates ranging from $0.10 to $0.44. For the next financial year, analysts expect that the company will report earnings of $0.32 per share, with EPS estimates ranging from $0.17 to $0.72. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Osisko Gold Royalties.

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Osisko Gold Royalties (NYSE:OR) last posted its quarterly earnings data on Tuesday, February 20th. The basic materials company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02). Osisko Gold Royalties had a negative net margin of 20.24% and a positive return on equity of 1.45%. The business had revenue of $109.60 million during the quarter, compared to the consensus estimate of $82.45 million. During the same period in the prior year, the company posted $0.07 earnings per share. The firm’s revenue was up 700.0% compared to the same quarter last year.

Several research firms have recently weighed in on OR. Zacks Investment Research cut Osisko Gold Royalties from a “hold” rating to a “sell” rating in a research report on Wednesday, January 24th. Desjardins reissued a “buy” rating on shares of Osisko Gold Royalties in a research report on Monday, December 11th. ValuEngine cut Osisko Gold Royalties from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Finally, TheStreet cut Osisko Gold Royalties from a “c” rating to a “d” rating in a research report on Thursday, March 22nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Osisko Gold Royalties currently has an average rating of “Hold” and a consensus target price of $18.25.

Shares of OR traded up $0.09 during mid-day trading on Friday, hitting $9.66. The company’s stock had a trading volume of 344,073 shares, compared to its average volume of 680,223. Osisko Gold Royalties has a one year low of $9.31 and a one year high of $14.39. The company has a current ratio of 12.24, a quick ratio of 11.90 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $1,495.08, a price-to-earnings ratio of 69.00, a P/E/G ratio of 8.49 and a beta of 0.44.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.66%. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Wednesday, March 28th. Osisko Gold Royalties’s dividend payout ratio is currently 114.29%.

Several institutional investors and hedge funds have recently bought and sold shares of OR. Paloma Partners Management Co lifted its position in Osisko Gold Royalties by 20.2% in the fourth quarter. Paloma Partners Management Co now owns 1,805,305 shares of the basic materials company’s stock worth $20,857,000 after purchasing an additional 302,772 shares during the period. The Manufacturers Life Insurance Company lifted its position in Osisko Gold Royalties by 7.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 649,038 shares of the basic materials company’s stock worth $7,503,000 after purchasing an additional 43,786 shares during the period. Goldman Sachs Group Inc. lifted its position in Osisko Gold Royalties by 14.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 480,003 shares of the basic materials company’s stock worth $5,549,000 after purchasing an additional 59,623 shares during the period. Renaissance Technologies LLC lifted its position in Osisko Gold Royalties by 105.5% in the fourth quarter. Renaissance Technologies LLC now owns 455,356 shares of the basic materials company’s stock worth $5,264,000 after purchasing an additional 233,782 shares during the period. Finally, Swiss National Bank lifted its position in Osisko Gold Royalties by 2.5% in the fourth quarter. Swiss National Bank now owns 199,630 shares of the basic materials company’s stock worth $2,308,000 after purchasing an additional 4,900 shares during the period. 48.84% of the stock is owned by institutional investors.

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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 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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