Research Analysts Offer Predictions for Osisko Gold Royalties Ltd’s FY2024 Earnings (NYSE:OR)

Osisko Gold Royalties Ltd (NYSE:OR) – Stock analysts at Cormark cut their FY2024 EPS estimates for Osisko Gold Royalties in a research note issued to investors on Tuesday, June 25th. Cormark analyst N. Dion now forecasts that the basic materials company will post earnings of $0.51 per share for the year, down from their prior forecast of $0.55. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.49 per share. Cormark also issued estimates for Osisko Gold Royalties’ FY2025 earnings at $0.53 EPS.

Osisko Gold Royalties (NYSE:OR) last released its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $45.06 million for the quarter. Osisko Gold Royalties had a negative net margin of 21.54% and a positive return on equity of 6.69%.

Separately, Jefferies Financial Group boosted their price target on shares of Osisko Gold Royalties from $15.00 to $19.00 and gave the company a “hold” rating in a research note on Monday, April 22nd.

Osisko Gold Royalties Price Performance

Osisko Gold Royalties stock opened at $15.57 on Friday. The company’s 50 day simple moving average is $16.19 and its 200-day simple moving average is $15.39. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of -74.14 and a beta of 1.01. Osisko Gold Royalties has a 1 year low of $11.24 and a 1 year high of $17.37. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.95 and a current ratio of 4.95.

Osisko Gold Royalties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $0.047 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 1.21%. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.04. Osisko Gold Royalties’s payout ratio is -85.71%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in OR. EverSource Wealth Advisors LLC grew its holdings in shares of Osisko Gold Royalties by 125.7% in the first quarter. EverSource Wealth Advisors LLC now owns 1,645 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 916 shares in the last quarter. Anchor Investment Management LLC purchased a new position in Osisko Gold Royalties during the 4th quarter worth $72,000. Creekmur Asset Management LLC purchased a new position in Osisko Gold Royalties during the 4th quarter worth $136,000. Stansberry Asset Management LLC acquired a new position in shares of Osisko Gold Royalties during the 3rd quarter worth $156,000. Finally, HTLF Bank acquired a new position in shares of Osisko Gold Royalties during the 4th quarter worth $162,000. Institutional investors and hedge funds own 68.52% of the company’s stock.

About Osisko Gold Royalties

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally. It also owns options on offtake; royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company's primary asset is a 3-5% net smelter return royalty on the Canadian Malartic complex located in Canada.