Osisko Gold Royalties (NYSE:OR) Announces Quarterly Earnings Results

Osisko Gold Royalties (NYSE:OR) announced its earnings results on Wednesday. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02, Zacks reports. The business had revenue of $56.74 million during the quarter, compared to analyst estimates of $68.31 million. Osisko Gold Royalties had a net margin of 8.50% and a return on equity of 7.94%.

Osisko Gold Royalties Stock Performance

NYSE:OR opened at $19.01 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40. Osisko Gold Royalties has a fifty-two week low of $12.77 and a fifty-two week high of $21.29. The firm has a market cap of $3.55 billion, a PE ratio of 211.18 and a beta of 1.02. The business has a 50 day moving average price of $18.88 and a 200-day moving average price of $18.75.

Osisko Gold Royalties Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.0457 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.18 annualized dividend and a yield of 0.96%. Osisko Gold Royalties’s payout ratio is 200.00%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. TD Securities cut Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Royal Bank of Canada increased their price target on shares of Osisko Gold Royalties from $23.00 to $24.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Finally, TD Cowen lowered shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a report on Monday, November 11th.

Osisko Gold Royalties Company Profile

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally. It also owns options on offtake; royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company’s primary asset is a 3-5% net smelter return royalty on the Canadian Malartic complex located in Canada.