Cormark Has Negative Forecast for TSE:OR FY2024 Earnings

Osisko Gold Royalties Ltd (TSE:OR) – Research analysts at Cormark decreased their FY2024 earnings estimates for Osisko Gold Royalties in a research note issued on Friday, November 8th. Cormark analyst N. Dion now forecasts that the company will earn $0.69 per share for the year, down from their previous forecast of $0.71. Cormark also issued estimates for Osisko Gold Royalties’ FY2025 earnings at $0.88 EPS.

Several other equities analysts also recently weighed in on OR. Stifel Nicolaus increased their target price on Osisko Gold Royalties from C$29.00 to C$31.00 in a research report on Monday, October 21st. National Bankshares boosted their price target on Osisko Gold Royalties from C$26.00 to C$28.00 and gave the company an “outperform” rating in a research report on Wednesday, July 17th. TD Securities lowered shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a report on Monday. BMO Capital Markets increased their price objective on shares of Osisko Gold Royalties from C$27.00 to C$28.00 in a research report on Thursday, November 7th. Finally, Raymond James reduced their target price on shares of Osisko Gold Royalties from C$27.50 to C$27.00 in a report on Monday, August 19th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$29.63.

Osisko Gold Royalties Stock Performance

Shares of TSE OR opened at C$25.89 on Monday. The company has a 50-day simple moving average of C$25.75 and a 200-day simple moving average of C$23.72. The company has a debt-to-equity ratio of 7.00, a current ratio of 4.92 and a quick ratio of 0.98. The company has a market cap of C$4.82 billion, a PE ratio of -53.30, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90. Osisko Gold Royalties has a 12 month low of C$16.32 and a 12 month high of C$29.57.

Osisko Gold Royalties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Tuesday, December 31st. Osisko Gold Royalties’s payout ratio is currently -52.00%.

Insiders Place Their Bets

In related news, Director Duncan Cornell Card sold 10,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of C$27.03, for a total transaction of C$270,331.00. 0.38% of the stock is currently owned by company insiders.

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.