DB:OM4

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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 Analysis

Adequate balance sheet with reasonable growth potential.

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

Stable Share Price: OM4's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

4.4%

OM4

0.5%

DE Metals and Mining

-0.6%

DE Market


1 Year Return

-0.3%

OM4

-27.4%

DE Metals and Mining

3.0%

DE Market

Return vs Industry: OM4 exceeded the German Metals and Mining industry which returned -28.7% over the past year.

Return vs Market: OM4 underperformed the German Market which returned 2.5% over the past year.


Shareholder returns

OM4IndustryMarket
7 Day4.4%0.5%-0.6%
30 Day13.0%-6.2%-0.1%
90 Day26.7%15.8%16.4%
1 Year1.3%-0.3%-26.9%-27.4%5.2%3.0%
3 Year-9.3%-13.4%-64.2%-65.3%1.0%-6.9%
5 Year-9.7%-15.7%-58.5%-60.6%8.0%-6.4%

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

No news available

Valuation

Is Osisko Gold Royalties undervalued compared to its fair value and its price relative to the market?

1.53x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: OM4 (€9.27) is trading above our estimate of fair value (€2.82)

Significantly Below Fair Value: OM4 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: OM4 is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: OM4 is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate OM4's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: OM4 is good value based on its PB Ratio (1.5x) compared to the DE Metals and Mining industry average (3.2x).


Next Steps

Future Growth

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

84.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OM4 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.2%).

Earnings vs Market: OM4 is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: OM4's is expected to become profitable in the next 3 years.

Revenue vs Market: OM4's revenue (13.6% per year) is forecast to grow faster than the German market (5.9% per year).

High Growth Revenue: OM4's revenue (13.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: OM4's Return on Equity is forecast to be low in 3 years time (3.7%).


Next Steps

Past Performance

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

-70.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OM4 is currently unprofitable.

Growing Profit Margin: OM4 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: OM4 is unprofitable, and losses have increased over the past 5 years at a rate of -70.4% per year.

Accelerating Growth: Unable to compare OM4's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: OM4 is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (0.5%).


Return on Equity

High ROE: OM4 has a negative Return on Equity (-14.81%), as it is currently unprofitable.


Next Steps

Financial Health

How is Osisko Gold Royalties's financial position?


Financial Position Analysis

Short Term Liabilities: OM4's short term assets (CA$192.8M) exceed its short term liabilities (CA$75.7M).

Long Term Liabilities: OM4's short term assets (CA$192.8M) do not cover its long term liabilities (CA$448.1M).


Debt to Equity History and Analysis

Debt Level: OM4's debt to equity ratio (28.4%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if OM4's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


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.

Stable Cash Runway: Whilst unprofitable OM4 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: OM4 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 32.8% per year.


Next Steps

Dividend

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

1.37%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: OM4's dividend (1.37%) is higher than the bottom 25% of dividend payers in the German market (1.25%).

High Dividend: OM4's dividend (1.37%) is low compared to the top 25% of dividend payers in the German market (3.84%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, OM4 has been paying a dividend for less than 10 years.

Growing Dividend: OM4's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: OM4 is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: OM4's dividends in 3 years are forecast to be well covered by earnings (48.8% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average management tenure


CEO

Sean E. Roosen (57yo)

6.25yrs

Tenure

CA$2,506,108

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

Compensation vs Market: Sean E.'s total compensation ($USD1.85M) is about average for companies of similar size in the German market ($USD1.49M).

Compensation vs Earnings: Sean E.'s compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Sean E. Roosen
Chair of the Board & CEO6.25yrsCA$2.51m0.40% CA$6.3m
Sandeep Singh
President0.58yrCA$3.74m0.070% CA$1.1m
Luc Lessard
Senior Vice President of Technical Services5.08yrsCA$1.44m0.037% CA$574.6k
André Le Bel
VP of Legal Affairs & Corporate Secretary5.42yrsCA$1.14m0.038% CA$594.1k
Frédéric Ruel
CFO & VP of Finance0.42yrno data0.014% CA$213.3k
Iain Farmer
Vice President of Corporate Development0.42yrno data0.0072% CA$112.4k
Michael Spencer
Managing Director of Osisko Bermuda Limited2.83yrsno data0.0047% CA$73.8k
Benoit Brunet
Vice Presidentno datano data0.00048% CA$7.5k

2.8yrs

Average Tenure

54yo

Average Age

Experienced Management: OM4's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Sean E. Roosen
Chair of the Board & CEO6.25yrsCA$2.51m0.40% CA$6.3m
Joanne Ferstman
Independent Lead Director6.25yrsCA$348.50k0.012% CA$184.6k
Françoise Bertrand
Independent Director5.67yrsCA$202.00k0.00073% CA$11.4k
Charles Page
Independent Director6.25yrsCA$215.35k0.033% CA$522.7k
Pierre Labbé
Independent Director5.42yrsCA$214.00k0.0037% CA$58.1k
William John
Independent Director0.42yrno data0.015% CA$236.6k
Christopher Curfman
Independent Director4.17yrsCA$194.00k0.0064% CA$99.4k
John Burzynski
Independent Director6.25yrsCA$178.18k0.011% CA$178.6k
John Baird
Independent Director0.25yrno data0.0017% CA$26.7k

5.7yrs

Average Tenure

57yo

Average Age

Experienced Board: OM4's board of directors are considered experienced (5.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.6%.


Top Shareholders

Company Information

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


Key Information

  • Name: Osisko Gold Royalties Ltd
  • Ticker: OM4
  • Exchange: DB
  • Founded:
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$2.397b
  • Listing Market Cap: CA$1.563b
  • Shares outstanding: 165.09m
  • 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 on the Canadian Malartic mine; the 2.0% to 3.5% NSR royalty on the Eleonore mine; 5% NSR royalty on the Dublin Gulch property; a 9.6% diamond stream on the Renard diamond mine; a 3% NSR royalty on the Seabee gold operations located in Saskatchewan, Canada; a 1.5% gross revenue royalty on the Kwale mine; the 1.38% to 2.55% NSR royalty on the Island Gold mine; a 4.22% gold stream and 62.5% silver stream on the Amulsar project; and a 18.5% gold stream and a 75% silver stream on the Back Forty project. The company also has a 100% silver stream on the Mantos Blancos copper mine in Chile. It holds a portfolio of approximately 135 royalties, streams, and precious metal offtakes in North America; and owns rights to participate in future royalty/stream financings on various projects primarily in Canada. Osisko Gold Royalties Ltd is headquartered in Montreal, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/09 21:36
End of Day Share Price2020/07/09 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.