Cormark Brokers Reduce Earnings Estimates for Osisko Gold Royalties Ltd (OR)
Osisko Gold Royalties Ltd (NYSE:OR) – Research analysts at Cormark lowered their Q4 2017 EPS estimates for Osisko Gold Royalties in a report released on Monday. Cormark analyst R. Gray now expects that the basic materials company will post earnings of $0.02 per share for the quarter, down from their previous estimate of $0.03.
Other equities analysts have also recently issued reports about the company. Desjardins restated a “buy” rating on shares of Osisko Gold Royalties in a report on Monday, December 11th. Scotiabank restated a “buy” rating and set a $20.00 target price on shares of Osisko Gold Royalties in a report on Monday, November 6th. Finally, Zacks Investment Research upgraded Osisko Gold Royalties from a “sell” rating to a “hold” rating in a report on Tuesday, January 30th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $18.25.
Several institutional investors and hedge funds have recently made changes to their positions in OR. Premia Global Advisors LLC purchased a new position in shares of Osisko Gold Royalties in the 4th quarter valued at about $115,000. PEAK6 Investments L.P. boosted its stake in shares of Osisko Gold Royalties by 207.6% in the 4th quarter. PEAK6 Investments L.P. now owns 10,989 shares of the basic materials company’s stock valued at $127,000 after buying an additional 7,417 shares during the period. Virtu Financial LLC purchased a new position in shares of Osisko Gold Royalties in the 3rd quarter valued at about $145,000. Scotia Capital Inc. purchased a new position in shares of Osisko Gold Royalties in the 4th quarter valued at about $194,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Osisko Gold Royalties by 61.8% in the 4th quarter. Bank of New York Mellon Corp now owns 19,382 shares of the basic materials company’s stock valued at $225,000 after buying an additional 7,401 shares during the period. Institutional investors and hedge funds own 43.88% of the company’s stock.
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Osisko Gold Royalties Company Profile
Osisko Gold Royalties Ltd. acquires and manages precious metal and other royalties and streams, and similar interests in the Americas. It has 5% net smelter returns (NSR) royalty on the Canadian Malartic property located in the province of Québec, Canada; and 2% to 3.5% NSR royalty on the Éléonore mine situated in the James Bay area in Québec, Canada.
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