Osisko gold royalties Ltd (TSE:OR) – Equities research analysts at Desjardins cut their Q1 2018 earnings per share estimates for Osisko gold royalties in a research report issued to clients and investors on Monday, April 16th. Desjardins analyst J. Wolfson now expects that the company will post earnings of $0.02 per share for the quarter, down from their prior forecast of $0.03.
Osisko gold royalties (TSE:OR) last issued its quarterly earnings data on Tuesday, February 20th. The company reported C$0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.04 by C($0.03). Osisko gold royalties had a negative net margin of 58.74% and a negative return on equity of 13.50%. The business had revenue of C$32.20 million during the quarter, compared to analyst estimates of C$26.00 million.
Several other brokerages have also issued reports on OR. Canaccord Genuity boosted their price objective on Osisko gold royalties from C$22.00 to C$22.50 in a research report on Friday, January 19th. BMO Capital Markets decreased their price objective on Osisko gold royalties from C$17.00 to C$16.00 in a research report on Tuesday, January 23rd. National Bank Financial reduced their price target on Osisko gold royalties from C$19.25 to C$18.50 in a research report on Friday, January 26th. Eight Capital upped their price target on Osisko gold royalties from C$15.25 to C$15.50 in a research report on Friday, March 9th. Finally, Royal Bank of Canada reduced their price target on Osisko gold royalties from C$19.00 to C$18.00 and set an “outperform” rating for the company in a research report on Thursday, March 15th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$17.61.
Shares of OR opened at C$12.48 on Wednesday. Osisko gold royalties has a 52-week low of C$11.90 and a 52-week high of C$17.58.
In other Osisko gold royalties news, Director Sean Roosen purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were acquired at an average price of C$12.36 per share, for a total transaction of C$61,800.00. Also, insider Elif Lévesque purchased 4,045 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was acquired at an average price of C$12.35 per share, for a total transaction of C$49,955.75. In the last 90 days, insiders purchased 15,445 shares of company stock worth $192,606.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 16th. Investors of record on Friday, March 30th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date was Wednesday, March 28th.
Osisko gold royalties Company Profile
Osisko Gold Royalties Ltd (Osisko) is a Canada-based company engaged in the business of acquiring and managing precious metal and other interests in Canada and across the world. The Company’s assets include the Canadian Malartic mine, located in Malartic, Quebec and Eleonore mine, located in the James Bay area in Quebec.
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