Equities Analysts Offer Predictions for OR FY2024 Earnings

Osisko Gold Royalties Ltd (NYSE:OR) – Research analysts at Raymond James reduced their FY2024 earnings per share estimates for shares of Osisko Gold Royalties in a report issued on Monday, October 28th. Raymond James analyst B. Macarthur now forecasts that the basic materials company will earn $0.48 per share for the year, down from their prior forecast of $0.50. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.49 per share. Raymond James also issued estimates for Osisko Gold Royalties’ Q1 2025 earnings at $0.16 EPS and Q4 2025 earnings at $0.13 EPS.

Osisko Gold Royalties (NYSE:OR) last released its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $47.39 million for the quarter.

A number of other analysts have also commented on OR. Jefferies Financial Group boosted their price target on Osisko Gold Royalties from $19.00 to $22.00 and gave the company a “buy” rating in a report on Friday, October 4th. TD Securities raised Osisko Gold Royalties to a “strong-buy” rating in a research report on Monday, July 22nd. Finally, Royal Bank of Canada lowered 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 0.1 %

OR opened at $21.04 on Tuesday. The stock has a market capitalization of $3.92 billion, a P/E ratio of -58.43 and a beta of 1.04. The company has a current ratio of 4.92, a quick ratio of 4.92 and a debt-to-equity ratio of 0.07. Osisko Gold Royalties has a 12 month low of $11.89 and a 12 month high of $21.29. The firm’s fifty day simple moving average is $18.63 and its 200 day simple moving average is $17.24.

Osisko Gold Royalties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.047 per share. This represents a $0.19 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date was Monday, September 30th. Osisko Gold Royalties’s dividend payout ratio is currently -52.78%.

Institutional Trading of Osisko Gold Royalties

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD bought a new stake in shares of Osisko Gold Royalties in the 1st quarter valued at about $109,825,000. Bornite Capital Management LP bought a new position in shares of Osisko Gold Royalties during the 1st quarter worth approximately $33,370,000. Mackenzie Financial Corp increased its holdings in shares of Osisko Gold Royalties by 237.0% during the 2nd quarter. Mackenzie Financial Corp now owns 1,977,895 shares of the basic materials company’s stock worth $30,827,000 after acquiring an additional 1,391,005 shares during the last quarter. Millennium Management LLC raised its stake in Osisko Gold Royalties by 20.5% in the 2nd quarter. Millennium Management LLC now owns 6,587,348 shares of the basic materials company’s stock valued at $102,631,000 after acquiring an additional 1,122,653 shares during the period. Finally, Yaupon Capital Management LP acquired a new stake in Osisko Gold Royalties during the 1st quarter valued at $15,973,000. 68.52% of the stock is owned by institutional investors.

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.