Raymond James Issues Optimistic Forecast for TSE:OR Earnings

Osisko Gold Royalties Ltd (TSE:OR) – Analysts at Raymond James upped their FY2024 earnings estimates for shares of Osisko Gold Royalties in a note issued to investors on Tuesday, January 7th. Raymond James analyst B. Macarthur now expects that the company will earn $0.69 per share for the year, up from their previous estimate of $0.68. Raymond James also issued estimates for Osisko Gold Royalties’ Q4 2024 earnings at $0.20 EPS and FY2025 earnings at $0.81 EPS.

OR has been the topic of several other reports. Stifel Nicolaus raised 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 lifted their price objective on shares of Osisko Gold Royalties from C$33.50 to C$35.00 and gave the company an “outperform” rating in a research note on Thursday. TD Securities lowered shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. CIBC raised their target price on shares of Osisko Gold Royalties from C$36.00 to C$39.00 in a research note on Monday, December 2nd. Finally, BMO Capital Markets upped their price target on shares of Osisko Gold Royalties from C$27.00 to C$28.00 in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Osisko Gold Royalties currently has a consensus rating of “Moderate Buy” and a consensus target price of C$31.13.

Osisko Gold Royalties Stock Performance

OR opened at C$27.62 on Thursday. The company has a current ratio of 4.92, a quick ratio of 0.98 and a debt-to-equity ratio of 7.00. The business’s 50 day moving average is C$27.14 and its 200-day moving average is C$25.05. The stock has a market cap of C$5.14 billion, a PE ratio of -55.24, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90. Osisko Gold Royalties has a twelve month low of C$17.41 and a twelve month high of C$29.57.

Osisko Gold Royalties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.065 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.26 annualized dividend and a dividend yield of 0.94%. Osisko Gold Royalties’s dividend payout ratio (DPR) is -52.00%.

Insider Activity

In other news, Director Duncan Cornell Card sold 10,000 shares of the 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. Insiders own 0.38% 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.