Osisko Gold Royalties (NYSE:OR) Announces Quarterly Earnings Results

Osisko Gold Royalties (NYSE:OR) announced its quarterly earnings data on Wednesday. The basic materials company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02, Zacks reports. Osisko Gold Royalties had a positive return on equity of 7.27% and a negative net margin of 22.04%.

Osisko Gold Royalties Stock Down 1.5 %

OR traded down $0.31 during trading on Wednesday, reaching $19.47. The stock had a trading volume of 1,009,812 shares, compared to its average volume of 565,162. The stock’s 50 day moving average is $18.89 and its two-hundred day moving average is $18.73. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of -92.73 and a beta of 1.02. Osisko Gold Royalties has a one year low of $12.77 and a one year high of $21.29.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Royal Bank of Canada boosted their price objective on Osisko Gold Royalties from $23.00 to $24.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. TD Cowen downgraded Osisko Gold Royalties from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, TD Securities downgraded Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th.

Osisko Gold Royalties Company Profile

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally. It also owns options on offtake; royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company’s primary asset is a 3-5% net smelter return royalty on the Canadian Malartic complex located in Canada.