Osisko Gold Royalties (TSE:OR) Announces Quarterly Earnings Results

Osisko Gold Royalties (TSE:OR) posted its earnings results on Wednesday. The company reported C$0.46 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$138.98 million for the quarter. Osisko Gold Royalties had a return on equity of 19.91% and a net margin of 82.42%.

Osisko Gold Royalties Stock Performance

Shares of OR opened at C$46.95 on Friday. Osisko Gold Royalties has a 1 year low of C$38.58 and a 1 year high of C$65.54. The company’s 50 day simple moving average is C$44.66 and its 200 day simple moving average is C$51.54. The company has a market capitalization of C$8.80 billion, a price-to-earnings ratio of 35.04, a PEG ratio of 1.31 and a beta of 1.86. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.98 and a current ratio of 4.11.

Analyst Upgrades and Downgrades

Several research firms have weighed in on OR. Canadian Imperial Bank of Commerce dropped their target price on shares of Osisko Gold Royalties from C$88.00 to C$85.00 in a report on Thursday, July 16th. Stifel Nicolaus raised their price objective on shares of Osisko Gold Royalties from C$70.00 to C$71.00 and gave the stock a “buy” rating in a research note on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$63.20.

Insider Activity at Osisko Gold Royalties

In other Osisko Gold Royalties news, Director Duncan Cornell Card sold 5,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of C$50.99, for a total transaction of C$254,950.00. Also, Director Everard Trenton Richards sold 15,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of C$53.85, for a total value of C$807,750.00. 0.38% of the stock is currently owned by insiders.

About Osisko Gold Royalties

OR Royalties is a precious metals royalty and streaming company focused on Tier-1 mining jurisdictions defined as Canada, the United States, and Australia. OR Royalties commenced activities in June 2014 with a single producing asset, and today holds a portfolio of over 195 royalties, streams and similar interests. OR Royalties’ portfolio is anchored by its cornerstone asset, the 3-5% net smelter return royalty on Agnico Eagle Mines Limited’s Canadian Malartic Complex, one of the world’s largest gold mines.