Osisko gold royalties Ltd (TSE:OR) – Analysts at Desjardins reduced their Q2 2018 EPS estimates for Osisko gold royalties in a research note issued to investors on Monday, April 16th. Desjardins analyst J. Wolfson now anticipates that the company will post earnings per share of $0.02 for the quarter, down from their previous forecast of $0.03. Desjardins also issued estimates for Osisko gold royalties’ Q3 2018 earnings at $0.02 EPS, Q4 2018 earnings at $0.02 EPS, FY2018 earnings at $0.08 EPS, Q1 2019 earnings at $0.02 EPS, Q2 2019 earnings at $0.02 EPS, Q3 2019 earnings at $0.03 EPS, Q4 2019 earnings at $0.03 EPS and FY2019 earnings at $0.11 EPS.
Several other research analysts have also recently commented on the stock. Eight Capital boosted their price target on shares of Osisko gold royalties from C$15.25 to C$15.50 in a report on Friday, March 9th. Royal Bank of Canada lowered their price target on shares of Osisko gold royalties from C$19.00 to C$18.00 and set an “outperform” rating for the company in a report on Thursday, March 15th. Raymond James Financial lowered their price target on shares of Osisko gold royalties from C$19.00 to C$18.00 and set an “outperform” rating for the company in a report on Wednesday, February 21st. National Bank Financial lowered their price target on shares of Osisko gold royalties from C$18.50 to C$16.25 and set an “outperform” rating for the company in a report on Wednesday, February 21st. Finally, TD Securities upgraded shares of Osisko gold royalties from a “hold” rating to a “buy” rating and lowered their price target for the stock from C$17.50 to C$16.50 in a report on Wednesday, February 21st. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of C$17.61.
TSE OR opened at C$12.69 on Tuesday. Osisko gold royalties has a 52 week low of C$11.90 and a 52 week high of C$17.58.
Osisko gold royalties (TSE:OR) last announced its quarterly earnings data on Tuesday, February 20th. The company reported C$0.01 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.03). The business had revenue of C$32.20 million during the quarter, compared to analyst estimates of C$26.00 million. Osisko gold royalties had a negative net margin of 58.74% and a negative return on equity of 13.50%.
The company also recently declared a quarterly dividend, which was paid on Monday, April 16th. Shareholders of record on Friday, March 30th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.58%. The ex-dividend date was Wednesday, March 28th.
In related news, Director Joanne Shari Ferstman acquired 5,000 shares of Osisko gold royalties stock in a transaction dated Friday, April 13th. The stock was acquired at an average price of C$12.66 per share, for a total transaction of C$63,300.00. Also, insider Elif Lévesque acquired 4,045 shares of Osisko gold royalties stock in a transaction dated Thursday, February 22nd. The shares were bought at an average price of C$12.35 per share, with a total value of C$49,955.75. Insiders have acquired a total of 15,445 shares of company stock valued at $192,606 in the last quarter.
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About Osisko gold royalties
Osisko Gold Royalties Ltd (Osisko) is a Canada-based company engaged in the business of acquiring and managing precious metal and other interests in Canada and across the world. The Company’s assets include the Canadian Malartic mine, located in Malartic, Quebec and Eleonore mine, located in the James Bay area in Quebec.
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