Osisko Gold Royalties Ltd (NYSE:OR) to Post Q3 2024 Earnings of $0.10 Per Share, Raymond James Forecasts

Osisko Gold Royalties Ltd (NYSE:OR) – Raymond James decreased their Q3 2024 earnings estimates for shares of Osisko Gold Royalties in a research note issued to investors on Wednesday, October 9th. Raymond James analyst B. Macarthur now forecasts that the basic materials company will post earnings of $0.10 per share for the quarter, down from their prior forecast of $0.12. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.48 per share. Raymond James also issued estimates for Osisko Gold Royalties’ FY2024 earnings at $0.50 EPS.

A number of other brokerages have also issued reports on OR. Jefferies Financial Group upped their price target on shares of Osisko Gold Royalties from $19.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, October 4th. TD Securities raised Osisko Gold Royalties to a “strong-buy” rating in a research note on Monday, July 22nd. Finally, Royal Bank of Canada decreased their price objective on shares of Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th.

Osisko Gold Royalties Trading Up 1.4 %

NYSE OR opened at $19.31 on Friday. The company has a quick ratio of 4.92, a current ratio of 4.92 and a debt-to-equity ratio of 0.07. Osisko Gold Royalties has a 52 week low of $11.51 and a 52 week high of $19.55. The firm has a market cap of $3.59 billion, a PE ratio of -91.95 and a beta of 1.04. The company has a 50 day moving average price of $17.68 and a 200 day moving average price of $16.85.

Osisko Gold Royalties (NYSE:OR) last announced its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. Osisko Gold Royalties had a negative net margin of 36.71% and a positive return on equity of 6.80%. The firm had revenue of $47.39 million during the quarter.

Institutional Trading of Osisko Gold Royalties

Large investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD acquired a new stake in shares of Osisko Gold Royalties in the first quarter worth approximately $109,825,000. Bornite Capital Management LP acquired a new position in shares of Osisko Gold Royalties during the first quarter valued at $33,370,000. Mackenzie Financial Corp lifted its holdings in Osisko Gold Royalties by 237.0% in the second quarter. Mackenzie Financial Corp now owns 1,977,895 shares of the basic materials company’s stock worth $30,827,000 after purchasing an additional 1,391,005 shares during the period. Millennium Management LLC raised its position in Osisko Gold Royalties by 20.5% in the second quarter. Millennium Management LLC now owns 6,587,348 shares of the basic materials company’s stock worth $102,631,000 after acquiring an additional 1,122,653 shares in the last quarter. Finally, Yaupon Capital Management LP acquired a new stake in Osisko Gold Royalties during the 1st quarter worth about $15,973,000. Institutional investors and hedge funds own 68.52% of the company’s stock.

Osisko Gold Royalties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.047 per share. This represents a $0.19 annualized dividend and a yield of 0.97%. The ex-dividend date is Monday, September 30th. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently -90.48%.

Osisko Gold Royalties Company Profile

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.