Raymond James Has Negative Outlook of OR FY2024 Earnings

Osisko Gold Royalties Ltd (NYSE:OR) – Raymond James dropped their FY2024 earnings estimates for Osisko Gold Royalties in a research note issued to investors on Tuesday, January 7th. Raymond James analyst B. Macarthur now anticipates that the basic materials company will post earnings of $0.48 per share for the year, down from their prior estimate of $0.49. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.48 per share.

A number of other brokerages have also recently issued reports on OR. TD Securities cut shares of Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. TD Cowen downgraded shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, Jefferies Financial Group lifted their price target on shares of Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, October 4th.

Osisko Gold Royalties Stock Performance

Shares of OR opened at $18.65 on Friday. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.05. The stock has a market cap of $3.48 billion, a P/E ratio of -88.81 and a beta of 1.02. The company has a 50-day moving average of $19.07 and a two-hundred day moving average of $18.30. Osisko Gold Royalties has a 12-month low of $12.77 and a 12-month high of $21.29.

Osisko Gold Royalties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.048 dividend. This represents a $0.19 dividend on an annualized basis and a yield of 1.03%. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Tuesday, December 31st. Osisko Gold Royalties’s payout ratio is presently -90.48%.

Institutional Investors Weigh In On Osisko Gold Royalties

Several institutional investors have recently bought and sold shares of OR. Capital Performance Advisors LLP bought a new stake in Osisko Gold Royalties during the third quarter valued at $58,000. Point72 DIFC Ltd acquired a new stake in Osisko Gold Royalties in the 2nd quarter valued at about $71,000. Icon Wealth Advisors LLC acquired a new stake in Osisko Gold Royalties in the 3rd quarter valued at about $187,000. US Bancorp DE lifted its stake in Osisko Gold Royalties by 32.1% during the third quarter. US Bancorp DE now owns 10,629 shares of the basic materials company’s stock valued at $197,000 after buying an additional 2,584 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in Osisko Gold Royalties during the second quarter valued at about $211,000. 68.52% of the stock is currently owned by hedge funds and other 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.