Osisko gold royalties Ltd (TSE:OR) – Cormark cut their Q1 2018 earnings per share (EPS) estimates for shares of Osisko gold royalties in a research note issued to investors on Tuesday. Cormark analyst R. Gray now forecasts that the company will post earnings per share of $0.09 for the quarter, down from their previous estimate of $0.10. Cormark also issued estimates for Osisko gold royalties’ Q2 2018 earnings at $0.09 EPS, Q3 2018 earnings at $0.09 EPS, Q4 2018 earnings at $0.09 EPS and FY2018 earnings at $0.37 EPS.
A number of other brokerages also recently weighed in on OR. Scotiabank boosted their target price on Osisko gold royalties from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 7th. TD Securities downgraded Osisko gold royalties from a “buy” rating to a “hold” rating and cut their target price for the stock from C$19.50 to C$19.00 in a research note on Tuesday, June 6th. Royal Bank Of Canada upped their price objective on Osisko gold royalties from C$19.00 to C$20.00 and gave the company an “outperform” rating in a research note on Tuesday, May 9th. Canaccord Genuity reiterated a “buy” rating and issued a C$21.50 price objective on shares of Osisko gold royalties in a research note on Tuesday, June 6th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a C$15.00 price objective on shares of Osisko gold royalties in a research note on Wednesday, May 24th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of C$19.19.
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Osisko gold royalties (OR) traded up 0.345% on Thursday, hitting $15.995. The stock had a trading volume of 48,150 shares. The stock has a market capitalization of $2.51 billion and a price-to-earnings ratio of 41.224. Osisko gold royalties has a 52 week low of $11.90 and a 52 week high of $17.38. The company has a 50-day moving average price of $15.88 and a 200-day moving average price of $15.17.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be paid a $0.05 dividend. This is an increase from Osisko gold royalties’s previous quarterly dividend of $0.03. The ex-dividend date is Thursday, September 28th. This represents a $0.20 annualized dividend and a yield of 1.25%.
In other Osisko gold royalties news, Director John Feliks Burzynski sold 18,500 shares of the business’s stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of C$16.08, for a total transaction of C$297,480.00. Also, Director Christopher C. Curfman bought 3,000 shares of the stock in a transaction on Thursday, June 15th. The shares were acquired at an average cost of C$12.32 per share, for a total transaction of C$36,960.00. In the last quarter, insiders purchased 5,790 shares of company stock worth $76,370 and sold 75,300 shares worth $1,226,020.
Osisko gold royalties Company Profile
Osisko Gold Royalties Ltd. acquires and manages precious metal and other royalties and streams, and similar interests in the Americas. It has 5% net smelter returns (NSR) royalty on the Canadian Malartic property located in the province of Québec, Canada; and 2% to 3.5% NSR royalty on the Éléonore mine situated in the James Bay area in Québec, Canada.
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