Osisko Gold Royalties Ltd (TSE: OR) – Research analysts at Raymond James increased their earnings estimates for fiscal 2021 for shares of Osisko Gold Royalties in a report released on Tuesday, June 8. Raymond analyst James B. Macarthur now predicts the company will post earnings of $ 0.43 per share for the year, up from its previous estimate of $ 0.42. Raymond James has an “Outperformance” rating and a price target of $ 22.00 on the stock. Raymond James also released estimates for Osisko Gold Royalties earnings in the first quarter of 2022 at $ 0.14 per share and earnings for fiscal 2022 at $ 0.57 per share. Osisko Gold Royalties (TSE: OR) last announced its results on Tuesday, May 11. The company reported earnings per share (EPS) of C $ 0.11 for the quarter, beating the consensus estimate of C $ 0.10 by C $ 0.01. The company reported sales of C $ 66.92 million for the quarter.
A number of other equity research analysts also weighed on the stock. National Bank Shares increased its price target on Osisko Gold Royalties shares from C $ 20.00 to C $ 21.50 and rated the stock “outperform” in a report released on Thursday, May 20 . National Bank Financial raised its price target on Osisko Gold Royalties shares to C $ 21.50 and assigned the stock an “outperformance” rating in a report released on Thursday, May 20. Scotiabank raised its price target for Osisko Gold Royalties shares from C $ 25.00 to C $ 27.50 in a report released on Friday, February 12. TD Securities raised its price target for Osisko Gold Royalties shares from Cdn $ 18.50 to Cdn $ 20.00 and assigned the company a “buy” rating in a report released on Thursday, May 13. Finally, Cormark raised its price target on Osisko Gold Royalties shares to C $ 26.00 and assigned the company an “outperformance” rating in a report released on Thursday, February 18. Nine equity research analysts rated the stock with a buy rating, Osisko Gold Royalties has an average rating of “Buy” and an average target price of C $ 22.48.
Actions of Osisko Gold Royalties Shares opened for CA $ 17.83 on Friday. The company has a market capitalization of 2.99 billion Canadian dollars and a price / earnings ratio of 73.37. The company has a current ratio of 5.80, a quick ratio of 5.43 and a debt ratio of 22.06. Osisko Gold Royalties has a one year minimum at C $ 11.71 and a one year maximum at C $ 17.93. The company’s 50-day moving average is C $ 16.13.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 15. Shareholders of record on Wednesday, June 30 will receive a dividend of $ 0.05 per share. This represents a dividend of $ 0.20 on an annualized basis and a return of 1.12%. The ex-dividend date for this dividend is Tuesday, June 29. Osisko Gold Royalties’ payout ratio is currently 82.30%.
Meanwhile, director Michael David Saynor Spencer sold 6,965 shares of the company in a transaction dated Friday, April 30. The shares were sold for an average price of C $ 14.87, for a total value of C $ 103,569.55. As a result of the sale, the Director now directly owns 14,011 shares of the company, valued at approximately C $ 208,343.57. Additionally, director Sean Roosen sold 127,600 shares of the company in a transaction dated Tuesday, March 16. The stock was sold for an average price of C $ 14.08, for a total transaction of C $ 1,796,237.96. Following the closing of the sale, the Director now directly owns 584,183 shares of the company, valued at C $ 8,223,602.51. In the past three months, insiders have sold 214,565 shares of the company valued at $ 2,998,784.
About Osisko’s Gold Royalties
Osisko Gold Royalties Ltd acquires and manages precious metals and other royalties, flows, levies and other interests in Canada and abroad. It also holds options on royalty / flow financing; and exclusive rights to participate in future royalty / stream funding on various projects. The Company’s main asset is a 5% net smelter return royalty on the Canadian Malartic mine located in Canada.
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