Osisko Gold Royalties (NYSE:OR) Announces Earnings Results

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

Osisko Gold Royalties Trading Down 1.5 %

Shares of Osisko Gold Royalties stock opened at $19.47 on Thursday. Osisko Gold Royalties has a 1 year low of $12.77 and a 1 year high of $21.29. The business has a fifty day simple moving average of $18.88 and a two-hundred day simple moving average of $18.75. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.05.

Wall Street Analyst Weigh In

Several equities research analysts have commented on OR shares. TD Securities cut shares of Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Royal Bank of Canada raised their price target on Osisko Gold Royalties from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Finally, TD Cowen downgraded Osisko Gold Royalties from a “buy” rating to a “hold” rating in a report on Monday, November 11th.

About Osisko Gold Royalties

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.