Cormark Weighs in on Osisko Gold Royalties Ltd’s Q2 2017 Earnings (OR)

Osisko Gold Royalties Ltd (NYSE:OR) – Equities researchers at Cormark issued their Q2 2017 EPS estimates for Osisko Gold Royalties in a report issued on Monday. Cormark analyst R. Gray anticipates that the basic materials company will post earnings per share of $0.04 for the quarter. Cormark also issued estimates for Osisko Gold Royalties’ Q3 2017 earnings at $0.04 EPS, Q4 2017 earnings at $0.04 EPS, FY2017 earnings at $0.18 EPS, Q1 2018 earnings at $0.05 EPS, Q2 2018 earnings at $0.05 EPS, Q3 2018 earnings at $0.05 EPS, Q4 2018 earnings at $0.06 EPS and FY2018 earnings at $0.20 EPS.

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Earnings History and Estimates for Osisko Gold Royalties (NYSE:OR)

Separately, Zacks Investment Research upgraded Osisko Gold Royalties from a “sell” rating to a “hold” rating in a report on Tuesday.

Shares of Osisko Gold Royalties (NYSE:OR) opened at 10.22 on Wednesday. The stock has a 50 day moving average price of $11.02 and a 200 day moving average price of $10.59. The company has a market capitalization of $1.09 billion and a price-to-earnings ratio of 34.76. Osisko Gold Royalties has a 1-year low of $8.88 and a 1-year high of $14.74.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Intact Investment Management Inc. boosted its position in Osisko Gold Royalties by 25.7% in the fourth quarter. Intact Investment Management Inc. now owns 1,917,800 shares of the basic materials company’s stock worth $25,085,000 after buying an additional 392,100 shares in the last quarter. Waratah Capital Advisors Ltd. boosted its position in Osisko Gold Royalties by 102.1% in the fourth quarter. Waratah Capital Advisors Ltd. now owns 1,788,214 shares of the basic materials company’s stock worth $17,433,000 after buying an additional 903,234 shares in the last quarter. FMR LLC boosted its position in Osisko Gold Royalties by 6.9% in the fourth quarter. FMR LLC now owns 1,071,793 shares of the basic materials company’s stock worth $10,449,000 after buying an additional 68,900 shares in the last quarter. Commerzbank Aktiengesellschaft FI acquired a new position in Osisko Gold Royalties during the fourth quarter worth approximately $577,000. Finally, Russell Investments Group Ltd. acquired a new position in Osisko Gold Royalties during the fourth quarter worth approximately $2,159,000. Hedge funds and other institutional investors own 59.18% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be issued a $0.0292 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Wednesday, June 28th. Osisko Gold Royalties’s dividend payout ratio is presently 42.86%.

5 Day Chart for NYSE:OR

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