OR - Osisko Gold Royalties Ltd

NYSE - NYSE Delayed Price. Currency in USD
11.62
-0.11 (-0.94%)
At close: 4:00PM EDT

11.62 0.00 (0.00%)
After hours: 4:15PM EDT

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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close11.73
Open11.80
Bid11.61 x 1000
Ask11.62 x 800
Day's Range11.36 - 11.83
52 Week Range4.65 - 13.43
Volume603,835
Avg. Volume881,685
Market Cap1.913B
Beta (5Y Monthly)0.56
PE Ratio (TTM)N/A
EPS (TTM)-0.27
Earnings DateMay 03, 2018
Forward Dividend & Yield0.15 (1.25%)
Ex-Dividend DateJun 29, 2020
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
-24% Est. Return
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    • Canadian Malartic Mine Initiates Construction of Underground Portal and Ramp
      GlobeNewswire

      Canadian Malartic Mine Initiates Construction of Underground Portal and Ramp

      Figure 1 Plan map of the Malartic mine showing the royalty limits with respect to the mineral resourcezones. Figure 2 Long section Canadian Malartic property showing the distribution of underground mineralresourcesMONTREAL, July 30, 2020 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the “Company” or “Osisko”) (OR: TSX & NYSE) is pleased to report the initiation of construction of a portal to access the underground resources at the Canadian Malartic Mine (“Canadian Malartic Underground”). Construction of the portal is expected to commence in August, and construction of the ramp is expected to commence in the fourth quarter.Sean Roosen, Chair and Chief Executive Officer of the Company declared: “We are extremely pleased to see the advancement of the Partnership’s vision to explore and develop the underground resources on the Malartic Property. The geological endowment of this project continues to deliver for the partners and Osisko. We believe that Canadian Malartic Underground is well on the way to becoming another cornerstone asset for Osisko and we are keen to see the results of the aggressive exploration campaign on East Gouldie and the forthcoming development of the portal and ramp.”Agnico Eagle Mines Limited and Yamana Gold Inc., the operators of the Canadian Malartic Mine (the “Partnership”) have defined 830,000 ounces of indicated gold resources (11.9 million tonnes grading 2.16 g/t gold) and 9,600,000 ounces of inferred gold resources (127.7 million tonnes grading 2.34 g/t gold) for Canadian Malartic Underground (see press release from Agnico Eagle Mines Limited dated February 13, 2020 titled “Agnico Eagle Reports Fourth Quarter and Full Year 2019 Results”). These resources are distributed between several zones that occur directly beneath the existing pits and to the east and southeast including the East Malartic, Sladen, Sheehan, Odyssey North, Odyssey South, Odyssey Jupiter and East Gouldie zones (see Figure 1 below). Osisko has a 5% royalty over the East Gouldie resources and either 3% or 5% on the remainder of the resources described herein. The resources occur between surface and a depth of over 1,900 metres (see Figure 2 below). The Partnership has “now authorized the construction of surface infrastructure and an exploration ramp into Odyssey and East Malartic, with the purpose of eventually mining their respective upper zones and providing further exploration access to allow drilling in tighter spacing to continue studies to a greater detail. The new ramp will also provide the ability to carry out bulk sampling of up to 40,000 tonnes of ore.” (see press release from Yamana Gold Inc. dated July 23, 2020 titled “Yamana Gold Reports Second Quarter 2020 Financial Results”).The Partnership also announced that it has increased the exploration budget from C$25 million to C$30 million due to positive exploration drill results. The main focus of exploration during the second quarter was to provide support for an aggressive infill drill program at East Gouldie, with 10 diamond drill rigs operating to define and expand underground mineral resources.Figure 1: https://www.globenewswire.com/NewsRoom/AttachmentNg/775cc4d7-ae89-46f1-b537-15766638d112Figure 2: https://www.globenewswire.com/NewsRoom/AttachmentNg/37c8f433-861d-467a-8616-8a4005292417Qualified PersonThe scientific and technical content of this news release has been reviewed and approved by Guy Desharnais, Ph.D., P.Geo., Director of Mineral Resources Evaluation at Osisko Gold Royalties Ltd, who is a “qualified person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”). These mineral resources described herein are not mineral reserves as they do not have demonstrated economic viability. Resources are exclusive from reserves. Inferred resources are too speculative geologically to have the economic considerations applied to them. For more technical details, please refer to Agnico Eagle’s press release dated February 13, 2020 and titled “Agnico Eagle Reports Fourth Quarter and Full Year 2019 Results”.About Osisko Gold Royalties LtdOsisko Gold Royalties Ltd is an intermediate precious metal royalty company focused on the Americas that commenced activities in June 2014. Osisko holds a North American focused portfolio of over 135 royalties, streams and precious metal offtakes. Osisko’s portfolio is anchored by its cornerstone asset, a 5% net smelter return royalty on the Canadian Malartic mine, which is the largest gold mine in Canada. Osisko also owns the Cariboo gold project in Canada as well as a portfolio of publicly held resource companies, including a 14.7% interest in Osisko Mining Inc., 17.9% interest in Osisko Metals Incorporated and an 18.3% interest in Falco Resources Ltd.Osisko’s head office is located at 1100 Avenue des Canadiens-de-Montréal, Suite 300, Montréal, Québec, H3B 2S2.For further information, please contact Osisko Gold Royalties Ltd: Sandeep Singh President Tel. (514) 940-0670 ssingh@osiskogr.com  Forward-looking StatementsCertain statements contained in this press release may be deemed “forward‐looking statements” within the meaning of applicable Canadian and U.S. securities laws including statements that involve predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance. These forward‐looking statements, by their nature, require Osisko to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward‐looking statements. Forward‐looking statements are not guarantees of performance. Words such as “may”, “will”, “would”, “could”, “expect”, “believe”, “plan”, “anticipate”, “intend”, “estimate”, “continue”, or the negative or comparable terminology, as well as terms usually used in the future and the conditional, are intended to identify forward‐looking statements. Information contained in forward‐looking statements is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including management’s perceptions of historical trends, current conditions and expected future developments, as well as other considerations that are believed to be appropriate in the circumstances. Osisko considers its assumptions to be reasonable based on information currently available, but cautions the reader that their assumptions regarding future events, many of which are beyond the control of Osisko, may ultimately prove to be incorrect since they are subject to risks and uncertainties that affect Osisko and its business; Such risks and uncertainties include, among others, risks relating to the ability of development and exploration activities carried out by the Partnership (including expected drill results) to accurately predict mineralization; errors in the Partnership’s geological modelling; the ability of the Partnership to complete further development exploration activities, including construction of a portal to access the underground resources and exploration drilling activities.For additional information with respect to these and other factors and assumptions underlying the forward‐looking statements made in this press release, see the section entitled “Risk Factors” in the most recent Annual Information Form of Osisko which is filed with the Canadian securities commissions and available electronically under Osisko’s issuer profile on SEDAR at www.sedar.com and with the U.S. Securities and Exchange Commission and available electronically under Osisko’s issuer profile on EDGAR at www.sec.gov. The forward‐ looking information set forth herein reflects Osisko’s expectations as at the date of this press release and is subject to change after such date. Osisko disclaims any intention or obligation to update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise, other than as required by law.

    • GlobeNewswire

      Osisko Provides Update on Deliveries Received for the Second Quarter of 2020

      MONTR&201;AL, July 09, 2020 -- Osisko Gold Royalties Ltd (the “Corporation” or “Osisko”) (OR: TSX & NYSE) is pleased to announce that it has received approximately 12,300.

    • GlobeNewswire

      Reykjavik Energy: Refinancing of loans from owners

      Orkuveita Reykjavíkur (OR; Reykjavik Energy) has made a request to the City of Reykjavik to repay loans issued by the company‘s owners in 2011 at 4.5% interest for 15 years. The.

    • Here is What Hedge Funds Think About Osisko Gold Royalties Ltd (OR)
      Insider Monkey

      Here is What Hedge Funds Think About Osisko Gold Royalties Ltd (OR)

      Insider Monkey has processed numerous 13F filings of hedge funds and successful value investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds' and successful investors' positions as of the end of the first quarter. You can find articles about an individual hedge fund's trades on numerous financial […]

    • GlobeNewswire

      Early Warning News Release

      Each Unit is comprised of one (1) common share and one half (1/2) of a share purchase warrant (each full warrant, a “Warrant”), each Warrant entitling the holder to purchase one (1) common share for a period of eighteen (18) months from the closing date at a price of $5.25 per Warrant share. Immediately prior to the closing of the Transaction, Osisko held, directly or indirectly, 45,969,569 common shares of Osisko Mining representing approximately 15.7% of Osisko Mining’s issued and outstanding common shares prior to the closing.

    • Thomson Reuters StreetEvents

      Edited Transcript of OR earnings conference call or presentation 13-May-20 2:00pm GMT

      Q1 2020 Osisko Gold Royalties Ltd Earnings Call

    • GlobeNewswire

      Osisko Announces the Vote Results from Its Annual Meeting of Shareholders

      MONTRÉAL, June 24, 2020 -- Osisko Gold Royalties Ltd (the “Corporation” or “Osisko”) (OR: TSX & NYSE) announces that, at the annual meeting of shareholders held on.

    • GlobeNewswire

      Orkuveita Reykjavíkur - Green Bond Offering Results

      Today, June 23rd 2020 Orkuveita Reykjavikur (OR; Reykjavik Energy) concluded its closed green bond offering in the series OR020934 GB and OR0180255 GB. The bonds pay a fixed.

    • GlobeNewswire

      Reykjavik Energy: Green bond offering on June 23rd

      Orkuveita Reykjavíkur (OR; Reykjavik Energy) will conduct a closed auction of inflation linked green bonds in the series OR020934 GB and OR0180255 GB on June 23rd 2020..

    • 3 Precious Metal Royalty Stocks to Benefit From Rising Gold Prices
      GuruFocus.com

      3 Precious Metal Royalty Stocks to Benefit From Rising Gold Prices

      Osisko Gold Royalties Ltd, Maverix Metals Inc and Metalla Royalty & Streaming Ltd are set to outperform Continue reading...

    • GlobeNewswire

      Solid operations at Orkuveita Reykjavíkur

      The operations of Orkuveita Reykjavíkur (OR; Reykjavik Energy) were solid in the first quarter of the year. Operational profit amounted to ISK 5.5 billion but due to unfavorable.

    • Insider Monkey

      Should Investors Buy the Dip in Osisko Gold Royalties (OR) Stock?

      Palm Valley Capital recently released its Q1 2020 Investor Letter, a copy of which you can download below. The fund posted a return of 0.79% for the quarter, outperforming its benchmark, the S&P Small Cap 600 Index which returned -32.65% in the same quarter. You should check out Palm Valley Capital’s top 5 stock picks […]

    • Osisko Gold Royalties Ltd (OR) Q1 2020 Earnings Call Transcript
      Motley Fool

      Osisko Gold Royalties Ltd (OR) Q1 2020 Earnings Call Transcript

      Today on the call we have Mr. Sean Roosen, Chair of the Board of Directors and Chief Executive Officer of Osisko Gold Royalties; Mr. Sandeep Singh, President of Osisko Gold Royalties; and Mr. Frederic Ruel, Chief Financial Officer and Vice President, Finance. Thank you for taking your time this morning.

    • Osisko Gold Royalties (OR) Q1 Earnings Match Estimates
      Zacks

      Osisko Gold Royalties (OR) Q1 Earnings Match Estimates

      Osisko Gold (OR) delivered earnings and revenue surprises of 0.00% and 49.43%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

    • GlobeNewswire

      Osisko Declares Second Quarter 2020 Dividend

      Osisko Gold Royalties Ltd (the “Company” or “Osisko”) (OR: TSX & NYSE) is pleased to announce a second quarter 2020 dividend of C$0.05 per common share. The dividend will be paid on July 15, 2020 to shareholders of record as of the close of business on June 30, 2020. For shareholders residing in the United States, the U.S. dollar equivalent will be determined based on the daily rate published by the Bank of Canada on June 30, 2020.

    • GlobeNewswire

      Osisko Reports First Quarter 2020 Results

      MONTRÉAL, May 12, 2020 -- Osisko Gold Royalties Ltd (the “Company” or “Osisko”) (OR: TSX & NYSE) today announced its consolidated financial results for the first.

    • Osisko Gold Royalties (OR) Reports Next Week: Wall Street Expects Earnings Growth
      Zacks

      Osisko Gold Royalties (OR) Reports Next Week: Wall Street Expects Earnings Growth

      Osisko Gold (OR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

    • The Zacks Analyst Blog Highlights: Osisko Gold Royalties, Chewy, VeriSign, AXT and Universal Technical Institute
      Zacks

      The Zacks Analyst Blog Highlights: Osisko Gold Royalties, Chewy, VeriSign, AXT and Universal Technical Institute

      The Zacks Analyst Blog Highlights: Osisko Gold Royalties, Chewy, VeriSign, AXT and Universal Technical Institute

    • GlobeNewswire

      Osisko Announces Gibraltar Silver Stream Amendment

      Osisko Gold Royalties Ltd (“Osisko”) (OR: TSX & NYSE) is pleased to announce that it has completed an amendment to its 75% silver stream (the “Silver Stream”) with respect to the Gibraltar copper mine (“Gibraltar”), located in British Columbia, Canada, which is operated by a wholly-owned subsidiary of Taseko Mines Limited (“Taseko”). Osisko and Taseko have amended the Silver Stream by reducing the price paid by Osisko for each ounce of refined silver from USD $2.75 to nil in exchange for cash consideration of CAD $8.5 million to Taseko.

    • GlobeNewswire

      Fitch Affirms Reykjavík Energy's Credit Rating

      Fitch Ratings has affirmed Orkuveita Reykjavikur's (RE) Long-Term Issuer Default Rating (IDR) at 'BB+' with a Stable Outlook. Fitch´s release is attached. Contact:Ingvar.

    • GlobeNewswire

      Reykjavik Energy – Green Bond Private Placement

      Today, April 22nd 2020, Reykjavik Energy (OR) sold new bonds in the Green Bond series OR180255 GB. The new issue amounted to ISK 2,000 million nominal value and the bonds were.

    • GlobeNewswire

      Osisko Files Year-End Disclosure Documents

      MONTRÉAL, April 17, 2020 -- Osisko Gold Royalties Ltd (the “Corporation” or “Osisko”) (TSX & NYSE:OR) announces that its Annual Information Form, Consolidated Annual.

    • GlobeNewswire

      Osisko Provides Corporate Update

      MONTRÉAL, April 14, 2020 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the “Corporation” or “Osisko”) (OR: TSX & NYSE) announces today that the Québec Government has made the decision to classify mining activities as an essential service. Following the Government’s decision, the operators of the Canadian Malartic and the Lamaque mines announced that a phased resumption of their respective activities will begin on April 15, 2020. Stornoway, the Renard diamond mine operator, has decided to keep the mine on care and maintenance for the time being, given the structural challenges still affecting diamond market sales as well as the depressed prices for diamonds due to COVID-19.

    • GlobeNewswire

      Reykjavik Energy: Planned bond issuance 2020

      In a press release on April 8th regarding actions taken by Reykjavik Energy (OR) and its subsidiaries due to Covid-19, it was stated that OR‘s Board of Directors had that same day approved to increase the company‘s authorization for financing in the form of bonds, bills or bank loans from ISK 13bn to up to ISK 30bn. As stated in the press release, the reasons for this increased financing need are increased investments and dividend payments and generally worse economic conditions overall. OR has a very strong strong financial position, with a cash position of over ISK 21bn in addition to access to credit lines of ISK 7bn through 2020.

    • GlobeNewswire

      Actions taken by Reykjavik Energy and subsidiaries due to Covid-19

      Reykjavik Energy‘s (OR) Board of Directors approved today, April 8th, actions to respond to the impact that the Covid-19 epidemic is expected to have on the Icelandic economy and the labor market. Veitur Utilities, one of OR‘s subsidiaries, have recently identified projects which might be considered but it is expected that constructions on supply systems will be the main pillar of the investment projects launched this year. It is assumed that the projects will be labor-intensive and that they will be in the operational area of Veitur Utilities.