Research Analysts Set Expectations for OR Q3 Earnings

Osisko Gold Royalties Ltd (NYSE:OR) – Stock analysts at Stifel Canada issued their Q3 2024 earnings per share estimates for shares of Osisko Gold Royalties in a research note issued to investors on Monday, October 21st. Stifel Canada analyst I. Rico forecasts that the basic materials company will post earnings of $0.10 per share for the quarter. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.48 per share. Stifel Canada also issued estimates for Osisko Gold Royalties’ FY2025 earnings at $0.70 EPS and FY2026 earnings at $0.67 EPS.

OR has been the subject of a number of other research reports. Royal Bank of Canada dropped their target price on Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. Jefferies Financial Group increased their price objective 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. Finally, TD Securities raised Osisko Gold Royalties to a “strong-buy” rating in a research report on Monday, July 22nd.

Osisko Gold Royalties Price Performance

NYSE OR opened at $20.88 on Wednesday. The business’s fifty day moving average is $18.28 and its 200 day moving average is $17.08. The company has a market capitalization of $3.89 billion, a PE ratio of -58.00 and a beta of 1.04. Osisko Gold Royalties has a fifty-two week low of $11.89 and a fifty-two week high of $21.20. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.92 and a current ratio of 4.92.

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

Osisko Gold Royalties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.047 dividend. This represents a $0.19 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date was Monday, September 30th. Osisko Gold Royalties’s dividend payout ratio (DPR) is -52.78%.

Institutional Investors Weigh In On Osisko Gold Royalties

A number of hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its position in Osisko Gold Royalties by 125.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,645 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 916 shares during the period. Point72 DIFC Ltd acquired a new position in Osisko Gold Royalties during the second quarter valued at approximately $71,000. Squarepoint Ops LLC purchased a new stake in shares of Osisko Gold Royalties in the second quarter worth about $211,000. Creekside Partners bought a new stake in shares of Osisko Gold Royalties in the second quarter worth $229,000. Finally, Corundum Trust Company INC bought a new position in shares of Osisko Gold Royalties during the second quarter worth about $249,000. Institutional investors and hedge funds own 68.52% of the company’s stock.

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.