FY2022 EPS Estimates for Osisko Gold Royalties Ltd (NYSE:OR) Lifted by Raymond James

Osisko Gold Royalties Ltd (NYSE:OR) – Equities researchers at Raymond James upped their FY2022 EPS estimates for Osisko Gold Royalties in a research report issued on Tuesday, January 25th. Raymond James analyst B. Macarthur now anticipates that the basic materials company will post earnings per share of $0.39 for the year, up from their previous forecast of $0.37. Raymond James has a “Outperform” rating and a $22.00 price objective on the stock.

A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a report on Tuesday. BMO Capital Markets reduced their price target on shares of Osisko Gold Royalties from C$23.00 to C$22.50 and set a “market perform” rating on the stock in a research report on Wednesday, December 1st. Finally, Scotiabank reduced their price target on shares of Osisko Gold Royalties from C$27.50 to C$25.00 in a research report on Tuesday, January 11th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $20.93.

Shares of NYSE OR opened at $11.10 on Thursday. Osisko Gold Royalties has a 12 month low of $9.77 and a 12 month high of $15.12. The business’s 50-day moving average price is $11.87. The stock has a market capitalization of $1.85 billion, a P/E ratio of 1,111.11, a PEG ratio of 0.75 and a beta of 0.73. The company has a current ratio of 2.64, a quick ratio of 2.38 and a debt-to-equity ratio of 0.22.

Osisko Gold Royalties (NYSE:OR) last posted its earnings results on Tuesday, November 9th. The basic materials company reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.01. Osisko Gold Royalties had a net margin of 0.69% and a return on equity of 3.75%. The firm had revenue of $39.74 million during the quarter.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 14th. Investors of record on Friday, December 31st were issued a $0.0441 dividend. The ex-dividend date was Thursday, December 30th. This represents a $0.18 annualized dividend and a yield of 1.59%. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.04. Osisko Gold Royalties’s dividend payout ratio is presently 1,701.70%.

Hedge funds have recently bought and sold shares of the stock. FMR LLC lifted its holdings in Osisko Gold Royalties by 13.4% in the 1st quarter. FMR LLC now owns 1,315,294 shares of the basic materials company’s stock valued at $14,773,000 after acquiring an additional 155,000 shares during the last quarter. First Trust Advisors LP purchased a new stake in Osisko Gold Royalties during the first quarter valued at about $740,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Osisko Gold Royalties by 48.3% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 246,178 shares of the basic materials company’s stock valued at $3,374,000 after purchasing an additional 80,137 shares during the period. BNP Paribas Arbitrage SA acquired a new position in shares of Osisko Gold Royalties in the 2nd quarter valued at about $77,000. Finally, Deutsche Bank AG acquired a new position in Osisko Gold Royalties in the second quarter worth approximately $1,192,000. 51.55% of the stock is owned by institutional investors and hedge funds.

About Osisko Gold Royalties

Osisko Gold Royalties Ltd. operates as an intermediate metal company, which engages in mining and exploration. Its assets portfolio includes Malartic, Windfall and Éléonore royalties. The company was founded on April 29, 2014 and is headquartered in Montreal, Canada.

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The post FY2022 EPS Estimates for Osisko Gold Royalties Ltd (NYSE:OR) Lifted by Raymond James appeared first on ETF Daily News.

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Author: ETF Daily News Team