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
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.
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