Osisko Gold Royalties (NYSE:OR) Issues Earnings Results, Beats Expectations By $0.02 EPS

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

Osisko Gold Royalties Stock Performance

NYSE:OR opened at $19.47 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.40 and a quick ratio of 4.40. Osisko Gold Royalties has a fifty-two week low of $12.77 and a fifty-two week high of $21.29. The company has a 50 day simple moving average of $18.88 and a two-hundred day simple moving average of $18.75.

Analysts Set New Price Targets

OR has been the topic of a number of recent analyst reports. TD Cowen cut Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. TD Securities lowered shares of Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, Royal Bank of Canada upped their target price on Osisko Gold Royalties from $23.00 to $24.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 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.