Raymond James restated their average rating on shares of Osisko gold royalties (NYSE:OR) in a research report report published on Friday morning, AnalystRatings.com reports. Raymond James currently has a $17.50 target price on the basic materials company’s stock. Raymond James also issued estimates for Osisko gold royalties’ Q3 2019 earnings at $0.03 EPS and FY2019 earnings at $0.14 EPS.
Other equities analysts have also issued research reports about the company. Desjardins lowered Osisko gold royalties from a buy rating to a hold rating in a research report on Friday, April 12th. TD Securities lowered Osisko gold royalties from a buy rating to a hold rating in a research report on Friday, May 3rd. BMO Capital Markets raised Osisko gold royalties from a market perform rating to an outperform rating in a research report on Monday, April 29th. Zacks Investment Research raised Osisko gold royalties from a sell rating to a hold rating in a research report on Wednesday, July 17th. Finally, ValuEngine raised Osisko gold royalties from a hold rating to a buy rating in a research report on Saturday, June 1st. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $16.38.
NYSE:OR traded down $0.01 during trading hours on Friday, hitting $12.09. The company had a trading volume of 900,637 shares, compared to its average volume of 769,172. The firm has a market cap of $1.75 billion, a P/E ratio of 80.60, a PEG ratio of 5.26 and a beta of 0.01. The company’s 50-day simple moving average is $11.02. Osisko gold royalties has a 52 week low of $7.00 and a 52 week high of $12.43. The company has a quick ratio of 5.84, a current ratio of 5.84 and a debt-to-equity ratio of 0.19.
Osisko gold royalties (NYSE:OR) last released its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03. The business had revenue of $75.49 million for the quarter, compared to analysts’ expectations of $91.96 million. Osisko gold royalties had a negative net margin of 28.58% and a positive return on equity of 1.55%. On average, sell-side analysts forecast that Osisko gold royalties will post 0.12 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $0.038 dividend. This represents a $0.15 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, September 27th. This is a positive change from Osisko gold royalties’s previous quarterly dividend of $0.04. Osisko gold royalties’s payout ratio is currently 100.00%.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in Osisko gold royalties in the 1st quarter worth about $2,504,000. Squarepoint Ops LLC purchased a new position in Osisko gold royalties in the 4th quarter worth about $96,000. Norges Bank purchased a new position in Osisko gold royalties in the 4th quarter worth about $6,769,000. Federated Investors Inc. PA raised its position in Osisko gold royalties by 19.4% in the 1st quarter. Federated Investors Inc. PA now owns 616,200 shares of the basic materials company’s stock worth $6,926,000 after buying an additional 100,000 shares during the last quarter. Finally, Deutsche Bank AG raised its position in Osisko gold royalties by 160.1% in the 4th quarter. Deutsche Bank AG now owns 905,260 shares of the basic materials company’s stock worth $7,947,000 after buying an additional 557,258 shares during the last quarter. 49.25% of the stock is owned by hedge funds and other institutional investors.
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; a 3% NSR royalty on the Seabee gold operations located in Saskatchewan, Canada; and the 1.38% to 2.55% NSR royalty on the Island Gold mine.
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