Osisko Gold Royalties Ltd (NYSE:OR) – Cormark issued their Q1 2021 earnings per share estimates for Osisko Gold Royalties in a research note issued on Monday, April 12th. Cormark analyst N. Dion expects that the basic materials company will earn $0.08 per share for the quarter.
Several other equities research analysts have also recently weighed in on the stock. CIBC reaffirmed an “outperform” rating and set a C$19.50 price objective on shares of Osisko Gold Royalties in a research report on Tuesday. Canaccord Genuity reaffirmed a “buy” rating on shares of Osisko Gold Royalties in a research report on Friday, March 19th. Stifel Nicolaus cut their price objective on shares of Osisko Gold Royalties from $23.00 to $22.50 and set a “buy” rating for the company in a research report on Monday, February 8th. BMO Capital Markets dropped their target price on shares of Osisko Gold Royalties from $21.00 to $20.00 and set a “market perform” rating for the company in a report on Thursday, February 25th. Finally, Zacks Investment Research cut shares of Osisko Gold Royalties from a “hold” rating to a “sell” rating in a report on Thursday, March 4th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $19.44.
NYSE OR opened at $12.23 on Wednesday. Osisko Gold Royalties has a 1 year low of $8.12 and a 1 year high of $13.53. The firm’s fifty day moving average price is $11.19 and its two-hundred day moving average price is $11.58. The company has a current ratio of 2.14, a quick ratio of 2.03 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $2.05 billion, a P/E ratio of -16.53, a price-to-earnings-growth ratio of 0.87 and a beta of 0.66.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 15th. Investors of record on Wednesday, March 31st were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date was Tuesday, March 30th. This is a positive change from Osisko Gold Royalties’s previous quarterly dividend of $0.04. Osisko Gold Royalties’s dividend payout ratio (DPR) is 71.43%.
A number of hedge funds and other institutional investors have recently modified their holdings of OR. Mariner LLC bought a new position in Osisko Gold Royalties in the 4th quarter valued at approximately $207,000. Great West Life Assurance Co. Can increased its position in Osisko Gold Royalties by 9.7% during the 3rd quarter. Great West Life Assurance Co. Can now owns 19,254 shares of the basic materials company’s stock valued at $215,000 after purchasing an additional 1,710 shares during the period. National Asset Management Inc. increased its position in Osisko Gold Royalties by 15.3% during the 4th quarter. National Asset Management Inc. now owns 24,877 shares of the basic materials company’s stock valued at $316,000 after purchasing an additional 3,309 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Osisko Gold Royalties during the 3rd quarter valued at approximately $470,000. Finally, Prelude Capital Management LLC grew its position in shares of Osisko Gold Royalties by 34.0% during the 4th quarter. Prelude Capital Management LLC now owns 48,632 shares of the basic materials company’s stock worth $617,000 after buying an additional 12,333 shares during the period. Institutional investors and hedge funds own 51.38% of the company’s stock.
Osisko Gold Royalties Company Profile
Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and offtake and other interests in Canada and internationally. It also owns options on royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company's primary asset is a 5% net smelter return royalty on the Canadian Malartic mine located in Canada.
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