TSX:OR

Stock Analysis Report

Osisko Gold Royalties

Executive Summary

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and similar interests in Canada and internationally.

Snowflake

Fundamentals

High growth potential with adequate balance sheet.

Share Price & News

How has Osisko Gold Royalties's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.0%

TSX:OR

0.3%

CA Metals and Mining

-0.6%

CA Market


1 Year Return

55.3%

TSX:OR

20.3%

CA Metals and Mining

-4.9%

CA Market

OR outperformed the Metals and Mining industry which returned 12.6% over the past year.

OR outperformed the Market in Canada which returned -4.8% over the past year.


Share holder returns

ORIndustryMarket
7 Day3.0%0.3%-0.6%
30 Day8.6%-0.6%-2.6%
90 Day24.9%24.9%-2.0%
1 Year57.9%55.3%21.3%20.3%-1.5%-4.9%
3 Year11.0%6.4%-10.6%-12.3%14.0%3.9%
5 Year16.7%10.2%-8.8%-12.1%12.3%-3.5%

Price Volatility Vs. Market

How volatile is Osisko Gold Royalties's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Osisko Gold Royalties undervalued based on future cash flows and its price relative to the stock market?

40%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Osisko Gold Royalties's share price is below the future cash flow value, and at a moderate discount (> 20%).

Osisko Gold Royalties's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Osisko Gold Royalties is loss making, we can't compare its value to the CA Metals and Mining industry average.

Osisko Gold Royalties is loss making, we can't compare the value of its earnings to the Canada market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Osisko Gold Royalties, we can't assess if its growth is good value.


Price Based on Value of Assets

Osisko Gold Royalties is overvalued based on assets compared to the CA Metals and Mining industry average.


Next Steps

Future Growth

How is Osisko Gold Royalties expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

106.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Osisko Gold Royalties's revenue is expected to grow significantly at over 20% yearly.

Osisko Gold Royalties's earnings are expected to grow significantly at over 20% yearly.

Osisko Gold Royalties's revenue growth is expected to exceed the Canada market average.

Osisko Gold Royalties's earnings growth is expected to exceed the Canada market average.

Osisko Gold Royalties's earnings growth is expected to exceed the low risk savings rate of 1.9%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Osisko Gold Royalties will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Osisko Gold Royalties performed over the past 5 years?

-54.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Osisko Gold Royalties does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Osisko Gold Royalties's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Osisko Gold Royalties's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Osisko Gold Royalties has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Osisko Gold Royalties has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Osisko Gold Royalties improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Osisko Gold Royalties's financial position?


Financial Position Analysis

Osisko Gold Royalties is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Osisko Gold Royalties's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Osisko Gold Royalties's level of debt (21.2%) compared to net worth is satisfactory (less than 40%).

Unable to establish if Osisko Gold Royalties's debt level has increased without past 5-year debt data.


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.6x debt.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Whilst loss making Osisko Gold Royalties has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.

Whilst loss making Osisko Gold Royalties has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -106.4% per year.


Next Steps

Dividend

What is Osisko Gold Royalties's current dividend yield, its reliability and sustainability?

1.21%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase Osisko Gold Royalties before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Osisko Gold Royalties's pays a lower dividend yield than the bottom 25% of dividend payers in Canada (2%).

Osisko Gold Royalties's dividend is below the markets top 25% of dividend payers in Canada (5.88%).

Whilst dividend payments have been stable, Osisko Gold Royalties has been paying a dividend for less than 10 years.

Dividend payments have increased, but Osisko Gold Royalties only paid a dividend in the past 5 years.


Current Payout to Shareholders

The company is paying a dividend however it is incurring a loss.


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).


Next Steps

Management

What is the CEO of Osisko Gold Royalties's salary, the management and board of directors tenure and is there insider trading?

4.8yrs

Average management tenure


CEO

Sean E. Roosen (56yo)

5.3yrs

Tenure

CA$2,306,566

Compensation

Mr. Sean E. O. Roosen, Eng., has been the Chairman and Chief Executive Officer of Osisko Gold Royalties Ltd. since April 30, 2014. Mr. Roosen has been the Chief Executive Officer and President of Brett Res ...


CEO Compensation Analysis

Sean E.'s remuneration is about average for companies of similar size in Canada.

Sean E.'s compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

4.8yrs

Average Tenure

53yo

Average Age

The tenure for the Osisko Gold Royalties management team is about average.


Board Age and Tenure

5.3yrs

Average Tenure

56yo

Average Age

The tenure for the Osisko Gold Royalties board of directors is about average.


Insider Trading

More shares have been bought than sold by Osisko Gold Royalties individual insiders in the past 3 months.


Recent Insider Transactions

SellCA$127,381,69918 Jul 19
Betelgeuse LLC
EntityCompany
Shares9,027,500
Max PriceCA$14.11
BuyCA$141,00015 Jul 19
Bryan Coates
EntityIndividual
Role
President
President
Shares10,000
Max PriceCA$14.10
SellCA$174,638,61528 Jun 19
Betelgeuse LLC
EntityCompany
Shares12,385,717
Max PriceCA$14.10
SellCA$10,046,07021 May 19
Betelgeuse LLC
EntityCompany
Shares663,819
Max PriceCA$15.13
SellCA$1,046,50028 Feb 19
André Gaumond
EntityIndividual
Shares70,000
Max PriceCA$14.95
SellCA$17,75424 Jan 19
John Burzynski
EntityIndividual
Role
Member of the Board of Directors
Non-Independent Director
Shares1,511
Max PriceCA$11.75

Ownership Breakdown


Management Team

  • Bryan Coates (61yo)

    President

    • Tenure: 5.3yrs
    • Compensation: CA$1.43m
  • André Le Bel (51yo)

    VP of Legal Affairs & Corporate Secretary

    • Tenure: 4.5yrs
    • Compensation: CA$1.04m
  • Sean E. Roosen (56yo)

    Chair of the Board & CEO

    • Tenure: 5.3yrs
    • Compensation: CA$2.31m
  • Luc Lessard (55yo)

    Senior Vice President of Technical Services

    • Tenure: 4.2yrs
    • Compensation: CA$915.25k
  • Elif Lévesque

    VP of Finance & CFO

    • Tenure: 5.3yrs
    • Compensation: CA$1.35m
  • Joseph de la Plante (33yo)

    Vice President of Corporate Development

    • Tenure: 5.2yrs
  • Frédéric Ruel (42yo)

    VP & Corporate Controller

    • Tenure: 2.8yrs
  • Michael Spencer

    Managing Director of Osisko Bermuda Limited

    • Tenure: 1.9yrs

Board Members

  • Joanne Ferstman (51yo)

    Independent Lead Director

    • Tenure: 5.3yrs
    • Compensation: CA$333.50k
  • Françoise Bertrand (70yo)

    Independent Director

    • Tenure: 4.8yrs
    • Compensation: CA$199.04k
  • Charlie Page (67yo)

    Independent Director

    • Tenure: 5.3yrs
    • Compensation: CA$206.64k
  • Pierre Labbé (54yo)

    Independent Director

    • Tenure: 4.5yrs
    • Compensation: CA$197.50k
  • Sean E. Roosen (56yo)

    Chair of the Board & CEO

    • Tenure: 5.3yrs
    • Compensation: CA$2.31m
  • Christopher Curfman (66yo)

    Independent Director

    • Tenure: 3.3yrs
    • Compensation: CA$194.01k
  • John Burzynski (55yo)

    Non-Independent Director

    • Tenure: 5.3yrs
    • Compensation: CA$180.01k

Company Information

Osisko Gold Royalties Ltd's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Osisko Gold Royalties Ltd
  • Ticker: OR
  • Exchange: TSX
  • Founded: 2014
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$2.308b
  • Shares outstanding: 142.97m
  • Website: https://www.osiskogr.com

Number of Employees


Location

  • Osisko Gold Royalties Ltd
  • 1100, Avenue des Canadiens-de-Montréal
  • Suite 300
  • Montreal
  • Quebec
  • H3B 2S2
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ORTSX (The Toronto Stock Exchange)YesCommon SharesCACADJun 2014
OM4DB (Deutsche Boerse AG)YesCommon SharesDEEURJun 2014
ORNYSE (New York Stock Exchange)YesCommon SharesUSUSDJun 2014
0VBELSE (London Stock Exchange)YesCommon SharesGBUSDJun 2014

Biography

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and similar interests in Canada and internationally. Its assets include the 5% net smelter return (NSR) royalty o ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 00:27
End of Day Share Price2019/08/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.