Osisko Gold: 2Q Earnings Snapshot
Posted August 5, 2020 7:33 pm.
Last Updated August 5, 2020 7:38 pm.
This article is more than 5 years old.
MONTREAL (AP) _ Osisko Gold Royalties Ltd. (OR) on Wednesday reported second-quarter net income of $9.4 million, after reporting a loss in the same period a year earlier.
The Montreal-based company said it had net income of 6 cents per share. Earnings, adjusted for non-recurring gains, came to 2 cents per share.
The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 2 cents per share.
The mining royalty and exploration company posted revenue of $29.4 million in the period.
Osisko Gold shares have risen 28% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $12.45, a decline of 6% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OR at https://www.zacks.com/ap/OR
The Associated Press
