Osisko Gold Royalties (NYSE:OR) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Osisko Gold Royalties (NYSE:OR - Get Free Report) 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. The firm had revenue of $56.74 million during the quarter, compared to analysts' expectations of $68.31 million. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%.

Osisko Gold Royalties Trading Down 1.9 %

NYSE:OR traded down $0.36 during mid-day trading on Friday, reaching $18.68. The company's stock had a trading volume of 429,457 shares, compared to its average volume of 584,345. The company's fifty day simple moving average is $18.87 and its two-hundred day simple moving average is $18.75. 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 twelve month low of $13.63 and a twelve month high of $21.29. The stock has a market cap of $3.49 billion, a P/E ratio of 207.59 and a beta of 1.02.

Osisko Gold Royalties Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.0457 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Monday, March 31st. Osisko Gold Royalties's payout ratio is 200.00%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. TD Cowen cut Osisko Gold Royalties from a "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 stock an "outperform" rating in a research note on Tuesday, February 11th. Finally, TD Securities lowered Osisko Gold Royalties from a "strong-buy" rating to a "hold" rating in a research note 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.