Osisko Gold Royalties (NYSE:OR) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Osisko Gold Royalties (NYSE:OR) issued its earnings results on Wednesday. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02, Zacks reports. Osisko Gold Royalties had a positive return on equity of 7.27% and a negative net margin of 22.04%.

Osisko Gold Royalties Price Performance

Shares of OR traded down $0.31 during mid-day trading on Wednesday, hitting $19.47. 1,009,812 shares of the stock were exchanged, compared to its average volume of 565,162. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40. The company has a market cap of $3.64 billion, a PE ratio of -92.73 and a beta of 1.02. Osisko Gold Royalties has a 52-week low of $12.77 and a 52-week high of $21.29. The firm has a 50-day moving average of $18.89 and a two-hundred day moving average of $18.73.

Wall Street Analysts Forecast Growth

OR has been the subject of a number of research analyst reports. TD Cowen lowered shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a report on Monday, November 11th. TD Securities cut shares of Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Royal Bank of Canada boosted their price target on shares of Osisko Gold Royalties from $23.00 to $24.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th.

Osisko Gold Royalties Company Profile

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally. It also owns options on offtake; royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company’s primary asset is a 3-5% net smelter return royalty on the Canadian Malartic complex located in Canada.