Osisko Gold Royalties (NYSE:OR) Announces Earnings Results

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

Osisko Gold Royalties Price Performance

OR opened at $19.01 on Friday. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.05. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 211.18 and a beta of 1.02. The stock has a fifty day simple moving average of $18.88 and a two-hundred day simple moving average of $18.75. Osisko Gold Royalties has a 12-month low of $12.77 and a 12-month high of $21.29.

Osisko Gold Royalties Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.0457 dividend. The ex-dividend date 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%.

Analyst Upgrades and Downgrades

OR has been the subject of a number of research analyst reports. TD Cowen lowered Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. TD Securities cut shares of Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Royal Bank of Canada boosted 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.

About Osisko Gold Royalties

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.