Osisko Gold Royalties Ltd (NYSE:OR) has received a consensus rating of “Buy” from the thirteen brokerages that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $20.25.
A number of equities research analysts have weighed in on OR shares. National Bank Financial restated an “outperform overweight” rating on shares of Osisko Gold Royalties in a research report on Thursday, October 29th. BMO Capital Markets raised their price objective on Osisko Gold Royalties from $20.00 to $21.00 and gave the company a “market perform” rating in a research note on Monday, November 2nd. BidaskClub raised Osisko Gold Royalties from a “hold” rating to a “buy” rating in a research note on Monday, December 28th. TD Securities assumed coverage on Osisko Gold Royalties in a research note on Monday, November 2nd. They set a “buy” rating and a $20.00 price objective on the stock. Finally, CIBC raised Osisko Gold Royalties from a “neutral” rating to an “outperformer” rating and raised their price objective for the company from $19.75 to $21.00 in a research note on Wednesday, November 11th.
Several hedge funds and other institutional investors have recently bought and sold shares of OR. FMR LLC grew its stake in shares of Osisko Gold Royalties by 13.4% in the first quarter. FMR LLC now owns 1,315,294 shares of the basic materials company’s stock worth $14,773,000 after purchasing an additional 155,000 shares during the last quarter. First Trust Advisors LP purchased a new stake in Osisko Gold Royalties in the first quarter worth about $740,000. Goldman Sachs Group Inc. lifted its holdings in Osisko Gold Royalties by 54.2% in the second quarter. Goldman Sachs Group Inc. now owns 240,054 shares of the basic materials company’s stock worth $2,400,000 after buying an additional 84,381 shares during the period. TD Asset Management Inc. lifted its holdings in Osisko Gold Royalties by 9.9% in the second quarter. TD Asset Management Inc. now owns 665,738 shares of the basic materials company’s stock worth $6,628,000 after buying an additional 59,800 shares during the period. Finally, Advisor Group Holdings Inc. lifted its holdings in Osisko Gold Royalties by 61.0% in the second quarter. Advisor Group Holdings Inc. now owns 27,127 shares of the basic materials company’s stock worth $271,000 after buying an additional 10,280 shares during the period. 54.31% of the stock is currently owned by institutional investors.
Osisko Gold Royalties (NYSE:OR) last released its quarterly earnings results on Monday, November 9th. The basic materials company reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.02. Osisko Gold Royalties had a positive return on equity of 2.71% and a negative net margin of 80.56%. The business had revenue of $55.71 million for the quarter, compared to the consensus estimate of $57.62 million. During the same quarter last year, the business posted $0.12 earnings per share. The company’s revenue for the quarter was down 49.0% on a year-over-year basis. On average, equities analysts expect that Osisko Gold Royalties will post 0.23 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 31st will be paid a $0.038 dividend. The ex-dividend date of this dividend is Wednesday, December 30th. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.04. This represents a $0.15 annualized dividend and a dividend yield of 1.20%. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently 71.43%.
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; 5% NSR royalty on the Dublin Gulch property; a 9.6% diamond stream on the Renard diamond mine; a 3% NSR royalty on the Seabee gold operations located in Saskatchewan, Canada; a 1.5% gross revenue royalty on the Kwale mine; the 1.38% to 2.55% NSR royalty on the Island Gold mine; a 4.22% gold stream and 62.5% silver stream on the Amulsar project; and a 18.5% gold stream and a 75% silver stream on the Back Forty project.
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