Stifel Canada Has Optimistic Outlook of OR FY2024 Earnings

Osisko Gold Royalties Ltd (NYSE:OR) – Analysts at Stifel Canada raised their FY2024 earnings per share (EPS) estimates for shares of Osisko Gold Royalties in a research note issued to investors on Monday, October 21st. Stifel Canada analyst I. Rico now anticipates that the basic materials company will post earnings of $0.48 per share for the year, up from their prior forecast of $0.44. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.48 per share.

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

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

Osisko Gold Royalties Price Performance

NYSE:OR opened at $20.65 on Thursday. The company has a quick ratio of 4.92, a current ratio of 4.92 and a debt-to-equity ratio of 0.07. The business’s 50-day moving average price is $18.35 and its 200 day moving average price is $17.11. Osisko Gold Royalties has a 52-week low of $11.89 and a 52-week high of $21.20. The firm has a market cap of $3.85 billion, a P/E ratio of -57.36 and a beta of 1.04.

Institutional Trading of Osisko Gold Royalties

Several large investors have recently added to or reduced their stakes in OR. EverSource Wealth Advisors LLC grew its position in shares of 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 buying an additional 916 shares during the period. Point72 DIFC Ltd bought a new position in Osisko Gold Royalties in the second quarter valued at $71,000. Squarepoint Ops LLC acquired a new stake in shares of Osisko Gold Royalties in the second quarter valued at about $211,000. Creekside Partners bought a new stake in shares of Osisko Gold Royalties during the 2nd quarter worth approximately $229,000. Finally, International Assets Investment Management LLC bought a new position in Osisko Gold Royalties during the third quarter worth about $286,000. 68.52% of the stock is owned by institutional investors.

Osisko Gold Royalties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.047 dividend. This represents a $0.19 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Monday, September 30th. Osisko Gold Royalties’s dividend payout ratio (DPR) is -52.78%.

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.