Osisko Gold Royalties (TSE:OR) Issues Earnings Results

Osisko Gold Royalties (TSE:OR) posted its earnings results on Wednesday. The company reported C$0.41 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$128.42 million for the quarter. Osisko Gold Royalties had a net margin of 80.76% and a return on equity of 21.84%.

Osisko Gold Royalties Stock Performance

Osisko Gold Royalties stock opened at C$50.79 on Thursday. The business has a 50 day moving average of C$49.31 and a 200-day moving average of C$50.52. Osisko Gold Royalties has a 1 year low of C$38.58 and a 1 year high of C$65.54. The company has a debt-to-equity ratio of 14.78, a current ratio of 2.28 and a quick ratio of 0.98. The company has a market capitalization of C$9.51 billion, a P/E ratio of 33.86, a P/E/G ratio of 1.31 and a beta of 1.97.

Wall Street Analysts Forecast Growth

Separately, Canadian Imperial Bank of Commerce lowered their price target on shares of Osisko Gold Royalties from C$88.00 to C$85.00 in a report on Thursday, July 16th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$73.33.

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.