Zacks Investment Research lowered shares of Osisko gold royalties (NYSE:OR) from a hold rating to a sell rating in a report issued on Tuesday.
According to Zacks, “Osisko Gold Ltd is a mining company which is engaged in exploration and mining for gold and other precious metals. Osisko Gold Ltd is headquartered in Montreal, Canada. “
Separately, TheStreet raised shares of Osisko gold royalties from a d rating to a c- rating in a research report on Wednesday, August 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. Osisko gold royalties presently has a consensus rating of Hold and an average price target of $20.00.
NYSE:OR opened at $8.21 on Tuesday. Osisko gold royalties has a 52 week low of $7.29 and a 52 week high of $13.35. The stock has a market cap of $1.19 billion, a P/E ratio of 58.64, a price-to-earnings-growth ratio of 24.79 and a beta of 0.24. The company has a debt-to-equity ratio of 0.22, a quick ratio of 7.49 and a current ratio of 7.78.
Osisko gold royalties (NYSE:OR) last released its quarterly earnings results on Thursday, August 2nd. The basic materials company reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates of $0.02. Osisko gold royalties had a negative net margin of 12.42% and a positive return on equity of 0.97%. The business had revenue of $137.80 million for the quarter, compared to analyst estimates of $144.15 million. During the same period last year, the firm earned $0.07 earnings per share. Osisko gold royalties’s revenue for the quarter was up 640.9% compared to the same quarter last year. Equities research analysts anticipate that Osisko gold royalties will post 0.09 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be paid a dividend of $0.038 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.15 dividend on an annualized basis and a yield of 1.85%. Osisko gold royalties’s payout ratio is 107.14%.
Institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its stake in Osisko gold royalties by 53.4% during the second quarter. Dimensional Fund Advisors LP now owns 22,121 shares of the basic materials company’s stock worth $209,000 after buying an additional 7,698 shares in the last quarter. Confluence Investment Management LLC acquired a new stake in Osisko gold royalties during the second quarter worth about $214,000. BlackRock Inc. grew its stake in Osisko gold royalties by 132.7% during the second quarter. BlackRock Inc. now owns 26,580 shares of the basic materials company’s stock worth $252,000 after buying an additional 15,159 shares in the last quarter. Bank of America Corp DE grew its stake in Osisko gold royalties by 173.1% during the second quarter. Bank of America Corp DE now owns 29,747 shares of the basic materials company’s stock worth $282,000 after buying an additional 18,853 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in Osisko gold royalties during the first quarter worth about $379,000. Hedge funds and other institutional investors own 48.31% of the company’s stock.
Osisko gold royalties Company Profile
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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