Cormark Analysts Lower Earnings Estimates for Osisko gold royalties Ltd (OR)

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Osisko gold royalties Ltd (TSE:OR) – Stock analysts at Cormark decreased their Q2 2019 earnings estimates for shares of Osisko gold royalties in a research report issued to clients and investors on Thursday, May 2nd. Cormark analyst R. Gray now expects that the company will post earnings per share of $0.03 for the quarter, down from their prior estimate of $0.04. Cormark also issued estimates for Osisko gold royalties’ Q3 2019 earnings at $0.05 EPS, Q4 2019 earnings at $0.05 EPS, FY2019 earnings at $0.17 EPS, FY2020 earnings at $0.28 EPS and FY2021 earnings at $0.30 EPS.

Several other equities analysts also recently commented on the company. CIBC boosted their price objective on Osisko gold royalties from C$17.00 to C$18.00 in a research report on Monday, January 21st. Desjardins downgraded Osisko gold royalties from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Raymond James restated an “outperform” rating and issued a C$16.50 price objective on shares of Osisko gold royalties in a research report on Friday, February 22nd. TD Securities boosted their price objective on Osisko gold royalties from C$15.00 to C$17.50 in a research report on Friday, February 22nd. Finally, BMO Capital Markets boosted their price objective on Osisko gold royalties from C$13.00 to C$17.00 and gave the company an “outperform” rating in a research report on Thursday, February 21st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of C$16.78.

TSE:OR opened at C$13.37 on Friday. Osisko gold royalties has a 52-week low of C$9.27 and a 52-week high of C$16.08. The company has a debt-to-equity ratio of 19.91, a current ratio of 8.59 and a quick ratio of 8.55. The stock has a market cap of $2.10 billion and a price-to-earnings ratio of -13.71.

Osisko gold royalties (TSE:OR) last released its quarterly earnings results on Wednesday, February 20th. The company reported C$0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.02 by C$0.06. The company had revenue of C$115.34 million for the quarter.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $0.05 dividend. The ex-dividend date is Thursday, June 27th. This represents a $0.20 annualized dividend and a dividend yield of 1.50%. Osisko gold royalties’s payout ratio is -20.51%.

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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Earnings History and Estimates for Osisko gold royalties (TSE:OR)

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