National Bank Financial Comments on Osisko gold royalties Ltd’s FY2018 Earnings (OR)

Osisko gold royalties Ltd (NYSE:OR) – Investment analysts at National Bank Financial lifted their FY2018 earnings per share estimates for shares of Osisko gold royalties in a note issued to investors on Tuesday, November 6th. National Bank Financial analyst S. Nagle now anticipates that the basic materials company will post earnings of $0.09 per share for the year, up from their prior estimate of $0.08. National Bank Financial also issued estimates for Osisko gold royalties’ FY2019 earnings at $0.05 EPS.

Other analysts have also recently issued reports about the stock. Canaccord Genuity reissued a “buy” rating on shares of Osisko gold royalties in a research note on Monday, October 22nd. TD Securities reissued a “buy” rating on shares of Osisko gold royalties in a research note on Thursday. Royal Bank of Canada reissued a “buy” rating on shares of Osisko gold royalties in a research note on Friday, November 2nd. TheStreet raised shares of Osisko gold royalties from a “d” rating to a “c-” rating in a research note on Wednesday, August 22nd. Finally, ValuEngine raised shares of Osisko gold royalties from a “sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy”.

Shares of NYSE OR opened at $7.39 on Thursday. Osisko gold royalties has a 52-week low of $7.25 and a 52-week high of $12.26. The firm has a market cap of $1.22 billion, a PE ratio of 52.79, a P/E/G ratio of 27.42 and a beta of 0.03. The company has a debt-to-equity ratio of 0.22, a current ratio of 7.78 and a quick ratio of 7.49.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be paid a dividend of $0.038 per share. The ex-dividend date is Friday, December 28th. This represents a $0.15 annualized dividend and a dividend yield of 2.06%. Osisko gold royalties’s dividend payout ratio is presently 107.14%.

A number of institutional investors have recently made changes to their positions in the stock. EdgePoint Investment Group Inc. boosted its position in Osisko gold royalties by 7.4% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 8,607,357 shares of the basic materials company’s stock worth $81,514,000 after purchasing an additional 595,600 shares during the period. Intact Investment Management Inc. boosted its position in Osisko gold royalties by 30.3% during the 3rd quarter. Intact Investment Management Inc. now owns 4,475,300 shares of the basic materials company’s stock worth $43,634,000 after purchasing an additional 1,042,000 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position in Osisko gold royalties by 93.2% during the 2nd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 528,000 shares of the basic materials company’s stock worth $6,574,000 after purchasing an additional 254,700 shares during the period. Fiera Capital Corp boosted its position in Osisko gold royalties by 1.8% during the 2nd quarter. Fiera Capital Corp now owns 348,800 shares of the basic materials company’s stock worth $3,304,000 after purchasing an additional 6,000 shares during the period. Finally, Millennium Management LLC boosted its position in Osisko gold royalties by 414.1% during the 2nd quarter. Millennium Management LLC now owns 306,417 shares of the basic materials company’s stock worth $2,902,000 after purchasing an additional 246,811 shares during the period. 48.06% of the stock is owned by hedge funds and other institutional investors.

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 and silver mine; and a silver stream on the Gibraltar mine, all located in Canada.

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

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