Equity research analysts expect Osisko Gold Royalties Ltd (NYSE:OR – Get Rating) to report earnings of $0.09 per share for the current quarter, reports Zacks Investment Research. No analyst provided earnings estimates for Osisko Gold Royalties. Osisko Gold Royalties reported earnings per share of $0.10 in the same quarter last year, indicating a negative 10% year-over-year growth rate. The company is expected to release its next quarterly results on Monday, January 1.

According to Zacks, analysts expect Osisko Gold Royalties to report full year earnings of $0.38 per share for the current year, with EPS estimates ranging from $0.28 to $0.45 . For the next fiscal year, analysts expect the company to post earnings of $0.45 per share, with EPS estimates ranging from $0.34 to $0.55. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts who cover Osisko’s gold royalties.

Osisko Gold Royalties (NYSE:OR – Get Rating) last released its quarterly earnings data on Thursday, February 24. The basic materials company reported earnings per share (EPS) of $0.02 for the quarter, missing the consensus estimate of $0.09 per ($0.07). The company had revenue of $40.20 million for the quarter. Osisko Gold Royalties posted a positive return on equity of 2.33% and a negative net margin of 15.65%.

Several research analysts have recently weighed in on the stock. Raymond James cut his price target on Osisko Gold Royalties shares from C$23.00 to C$22.75 in a Friday, May 13 report. BMO Capital Markets lowered its price target on Osisko Gold Royalties shares from C$20.00 to C$19.00 in a Friday, February 25 research note. Zacks Investment Research upgraded shares of Osisko Gold Royalties from a “sell” rating to a “hold” rating in a research report on Thursday. Scotiabank raised its target price on Osisko Gold Royalties shares from C$22.50 to C$24.00 in a Tuesday, April 19 report. Finally, TD Securities raised its price target on Osisko Gold Royalties shares from C$21.00 to C$23.00 in a Wednesday, April 6 research report. Two research analysts rated the stock with a hold rating and three gave the company a buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $20.89.

A number of large investors have recently changed their GOLD holdings. Van ECK Associates Corp increased its stake in Osisko Gold Royalties by 14.3% in the first quarter. Van ECK Associates Corp now owns 15,914,698 shares of the basic materials company worth $209,910,000 after buying an additional 1,991,245 shares in the last quarter. Vanguard Group Inc. increased its stake in Osisko Gold Royalties by 13.5% during the 1st quarter. Vanguard Group Inc. now owns 6,071,149 shares of the basic materials company valued at $80,079,000 after purchasing an additional 722,515 shares during the period. Millennium Management LLC increased its position in Osisko Gold Royalties by 21.6% in the fourth quarter. Millennium Management LLC now owns 5,864,604 shares of the basic materials company valued at $71,841,000 after acquiring an additional 1,041,032 shares in the last quarter. Invesco Ltd. increased its position in Osisko Gold Royalties shares by 1.2% during the 1st quarter. Invesco Ltd. now owns 2,446,061 shares of the basic materials company worth $32,263,000 after purchasing an additional 29,825 shares last quarter. Finally, Norges Bank bought a new position in shares of Osisko Gold Royalties during the 4th quarter for a value of $20,944,000. 66.21% of the shares are held by institutional investors and hedge funds.

OR opened at $11.43 on Friday. The company has a debt ratio of 0.06, a current ratio of 1.25 and a quick ratio of 1.20. The company has a market capitalization of $2.11 billion, a price-earnings ratio of -71.44 and a beta of 0.73. The company has a 50-day simple moving average of $12.86 and a 200-day simple moving average of $12.41. Osisko Gold Royalties has a 52 week minimum of $10.18 and a 52 week maximum of $15.12.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 15. Shareholders of record on Thursday, June 30 will receive a dividend of $0.043 per share. This represents an annualized dividend of $0.17 and a yield of 1.50%. The ex-dividend date is Wednesday, June 29. Osisko Gold Royalties’ dividend payout ratio is currently -106.25%.

About Osisko Gold Royalties (Get a rating)

Osisko Gold Royalties Ltd acquires and manages precious metals and other royalties, streams, levies and other interests in Canada and abroad. It also holds options on royalty/stream financing; and exclusive rights to participate in future royalty/stream funding on various projects. The Company’s principal asset is a 5% net smelter return royalty on the Canadian Malartic mine located in Canada.

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