Osisko Gold Royalties (TSE:OR) Releases Earnings Results

Osisko Gold Royalties (TSE:OR) released its quarterly earnings results on Wednesday. The company reported C$0.56 EPS for the quarter, FiscalAI reports. The business had revenue of C$142.97 million for the quarter. Osisko Gold Royalties had a net margin of 74.23% and a return on equity of 14.10%.

Osisko Gold Royalties Trading Up 7.4%

Shares of OR traded up C$3.63 on Wednesday, reaching C$52.83. 343,628 shares of the company’s stock were exchanged, compared to its average volume of 461,230. The company has a current ratio of 4.53, a quick ratio of 0.98 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of C$9.90 billion, a P/E ratio of 48.47, a price-to-earnings-growth ratio of 1.31 and a beta of 1.71. The business has a 50 day moving average price of C$54.96 and a two-hundred day moving average price of C$52.62. Osisko Gold Royalties has a 12 month low of C$31.35 and a 12 month high of C$65.54.

Analyst Upgrades and Downgrades

OR has been the subject of several research analyst reports. Stifel Nicolaus boosted 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 report on Wednesday, April 15th. TD Securities lowered their target price on Osisko Gold Royalties from C$67.00 to C$64.00 and set a “hold” rating for the company in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Osisko Gold Royalties has a consensus rating of “Moderate Buy” and a consensus price target of C$50.67.

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.