Can Osisko Gold Royalties (OR) Run Higher on Strong Earnings Estimate Revisions?

Shutterstock photo

Osisko Gold Royalties Ltd OR is a gold and precious metals explorer that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on OR's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Osisko Gold Royalties could be a solid choice for investors.

Current Quarter Estimates for OR

In the past 30 days, one estimate has gone higher for Osisko Gold Royalties while nonehave gone lower in the same time period. However the trend has remained static at 30 cents over the same period.

Current Year Estimates for OR

Meanwhile, Osisko Gold Royalties' current year figures are looking quite promising, with four estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing/narrowing from 20 cents per share 30 days ago to 23 cents per share today, an increase of 15%.

Osisko Gold Royalties Ltd Price and Consensus

Osisko Gold Royalties Ltd Price and Consensus | Osisko Gold Royalties Ltd Quote

Bottom Line

The stock has also started to move higher lately, adding 8.9% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today's Zacks #1 (Strong Buy) Rank stocks here.

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.  

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Osisko Gold Royalties Ltd (OR): Free Stock Analysis Report

To read this article on click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Earnings , Investing Ideas , Stocks

More from


Equity Research
Follow on:

Research Brokers before you trade

Want to trade FX?

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by