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Osisko Gold Royalties Ltd (OR)

NYSE - NYSE Delayed price. Currency in USD
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11.93-0.13 (-1.08%)
At close: 4:00PM EDT
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Trade prices are not sourced from all markets
Previous close12.06
Open12.06
Bid11.95 x 1800
Ask11.96 x 1400
Day's range11.90 - 12.10
52-week range4.65 - 13.31
Volume526,597
Avg. volume830,007
Market cap1.973B
Beta (5Y monthly)0.63
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yield0.15 (1.25%)
Ex-dividend date29 Sep 2020
1y target estN/A
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News
Press releases
  • Globe Newswire

    OR appeals verdict of District Court of Reykjavík

    Orkuveita Reykjavíkur has today assigned their general counsel to appeal the verdict of the District Court of Reykjavík to Landsréttur Appeal Court, wherein the company is made to pay the amount of 740.000.000 ISK plus interest as settlement of derivative contracts agreed with Glitnir Bank during the years before the collapse of the banking system in Iceland.The verdict does not consider the main arguments of Orkuveita Reykjavíkur in this matter. Firstly, that Glitnir Holdco the plaintiff, is not legally involved in this case since the claim was assigned to the Icelandic State in 2016. Secondly, an Appraisal report by Court-Appointed Assessors was presented to the court on behalf of OR stating that the bank was in fact insolvent as of January 2008 and existing contracts thus defaulted at the time and derivative contracts dating after that time would not have come to existence.OR has reported the legal proceedings in the company‘s financial statements and has set aside the principal amount of the insolvency board’s claim, 740.000.000- ISK as a precautionary measure. The final verdict’s amount, however, will not be payable until the final decision of the courts has been reached, be it in The Courts of Appeal or The Supreme Court of Iceland.From the Financial Statement: Among other current liabilities are derivative contracts accounted for that are in default. The contracts have not been settled and Orkuveita Reykjavíkur has recently been sued regarding the claims. Great uncertainties is on how to settle them. In previous periods ISK 740 million have been expensed. This action is in no way an admittance of the debt on Orkuveita Reykjavikur's behalf and the amount can either increase or decrease when the contracts are settled. The contracts are accounted for among other current liabilities.For further information:Elín Smáradóttir Head of Legal Affairs at OR Tel: +354 617 7792

  • Globe Newswire

    Reykjavik Energy: Refinancing of loans from owners

    Orkuveita Reykjavíkur (OR; Reykjavik Energy) has made a request to the City of Reykjavik to repay loans issued by the company‘s owners in 2011 at 4.5% interest for 15 years. The remaining amount, totalling about 5.9bn ISK on July 1st 2020, is estimated to be paid in 2020. The City of Reykjavik has accepted the prepayment request but confirmation is pending from the municipality of Borgarbyggð and the town of Akranes. Further information:Ingvar Stefánsson CFO +354 516-6100 ingvar.stefansson@or.is

  • Globe Newswire

    Orkuveita Reykjavíkur - Green Bond Offering Results

    Today, June 23rd 2020 Orkuveita Reykjavikur (OR; Reykjavik Energy) concluded its closed green bond offering in the series OR020934 GB and OR0180255 GB. The bonds pay a fixed real-interest rate with a semiannual annuity amortization schedule and have a final maturity on September 2nd 2034 and February 18th 2055 respectively.The series attracted bids totaling ISK 4,595m nominal. OR020934 GB attracted bids amounting to ISK 2,405m  at a yield of 0.90%-1.02%. OR accepted bids amounting to ISK 1,415m at a yield of 0.91%. OR0180255 GB attracted bids amounting to ISK 2,190m  at a yield of 1.31%-1.38%. OR accepted bids amounting to ISK 1,440m at a yield of 1.32%.Fossar Markets managed the process on behalf of OR. The green bond series will be listed on the Nasdaq Iceland Sustainable Bond market. For further information please contact:Ingvar Stefánsson, CFO, tel: +354 516 6100, email: ingvar.stefansson@or.is Matei Manolescu, Capital Markets, Fossar Markets, tel: +354 522 4008, email: matei.manolescu@fossarmarkets.com