Q3 2024 Earnings Estimate for Osisko Gold Royalties Ltd (TSE:OR) Issued By Raymond James

Osisko Gold Royalties Ltd (TSE:OR) – Research analysts at Raymond James cut their Q3 2024 earnings estimates for shares of Osisko Gold Royalties in a note issued to investors on Wednesday, October 9th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $0.14 per share for the quarter, down from their prior estimate of $0.16. Raymond James also issued estimates for Osisko Gold Royalties’ FY2024 earnings at $0.67 EPS.

Osisko Gold Royalties (TSE:OR) last issued its earnings results on Tuesday, August 6th. The company reported C$0.18 EPS for the quarter, beating the consensus estimate of C$0.17 by C$0.01. Osisko Gold Royalties had a negative net margin of 36.86% and a negative return on equity of 5.46%. The firm had revenue of C$64.85 million during the quarter.

A number of other research analysts have also weighed in on OR. Scotiabank lifted their price target on shares of Osisko Gold Royalties from C$25.00 to C$27.00 in a research note on Monday, August 19th. Canaccord Genuity Group boosted their price objective on shares of Osisko Gold Royalties from C$30.00 to C$31.00 in a research report on Tuesday, July 23rd. National Bankshares raised 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 note on Wednesday, July 17th. TD Securities raised their price objective on Osisko Gold Royalties from C$28.00 to C$29.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Finally, Jefferies Financial Group upgraded shares of Osisko Gold Royalties from a “hold” rating to a “buy” rating in a research note on Friday, July 12th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$28.50.

Osisko Gold Royalties Stock Performance

Osisko Gold Royalties has a twelve month low of C$15.76 and a twelve month high of C$26.90. The business’s fifty day simple moving average is C$23.94 and its 200-day simple moving average is C$22.90. The company has a market capitalization of C$4.95 billion, a price-to-earnings ratio of -53.42, a PEG ratio of 1.31 and a beta of 0.90. The company has a current ratio of 4.92, a quick ratio of 0.98 and a debt-to-equity ratio of 7.00.

Osisko Gold Royalties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.065 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.26 dividend on an annualized basis and a yield of ∞. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently -52.00%.

Insider Buying and Selling at Osisko Gold Royalties

In other Osisko Gold Royalties news, Director Everard Trenton Richards sold 15,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of C$22.19, for a total value of C$332,913.00. In other news, Senior Officer André Le Bel sold 10,000 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$24.80, for a total value of C$248,000.00. Also, Director Everard Trenton Richards sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of C$22.19, for a total transaction of C$332,913.00. 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.