Osisko gold royalties Ltd (NYSE:OR) has been given a consensus recommendation of “Hold” by the eleven brokerages that are presently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $17.75.
A number of research analysts recently commented on the company. Raymond James restated an “average” rating and issued a $17.50 target price on shares of Osisko gold royalties in a research note on Friday, August 2nd. TD Securities lowered Osisko gold royalties from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Canaccord Genuity restated a “buy” rating on shares of Osisko gold royalties in a research note on Friday, July 19th. Zacks Investment Research upgraded Osisko gold royalties from a “sell” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, BMO Capital Markets upgraded Osisko gold royalties from a “market perform” rating to an “outperform” rating in a research report on Monday, April 29th.
Large investors have recently made changes to their positions in the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in Osisko gold royalties in the first quarter valued at $2,504,000. Squarepoint Ops LLC bought a new stake in Osisko gold royalties in the fourth quarter valued at $96,000. Norges Bank bought a new stake in Osisko gold royalties in the fourth quarter valued at $6,769,000. Deutsche Bank AG grew its position in Osisko gold royalties by 160.1% in the fourth quarter. Deutsche Bank AG now owns 905,260 shares of the basic materials company’s stock valued at $7,947,000 after acquiring an additional 557,258 shares during the period. Finally, Federated Investors Inc. PA grew its position in Osisko gold royalties by 19.4% in the first quarter. Federated Investors Inc. PA now owns 616,200 shares of the basic materials company’s stock valued at $6,926,000 after acquiring an additional 100,000 shares during the period. Hedge funds and other institutional investors own 48.94% of the company’s stock.
Osisko gold royalties (NYSE:OR) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $98.39 million during the quarter, compared to analyst estimates of $73.72 million. Osisko gold royalties had a positive return on equity of 1.89% and a negative net margin of 30.81%. Sell-side analysts forecast that Osisko gold royalties will post 0.12 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.038 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 1.25%. This is a boost from Osisko gold royalties’s previous quarterly dividend of $0.04. The ex-dividend date is Friday, September 27th. Osisko gold royalties’s dividend payout ratio is 100.00%.
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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