Research Analysts Issue Forecasts for TSE:OR FY2024 Earnings

Osisko Gold Royalties Ltd (TSE:OR) – Stifel Canada increased their FY2024 earnings per share (EPS) estimates for Osisko Gold Royalties in a research report issued on Monday, October 21st. Stifel Canada analyst I. Rico now anticipates that the company will post earnings of $0.67 per share for the year, up from their previous forecast of $0.60. Stifel Canada also issued estimates for Osisko Gold Royalties’ FY2026 earnings at $0.93 EPS.

OR has been the subject of several other research reports. Raymond James dropped their price objective on Osisko Gold Royalties from C$27.50 to C$27.00 in a report on Monday, August 19th. Jefferies Financial Group raised shares of Osisko Gold Royalties from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. Scotiabank increased 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. National Bankshares raised their target price 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. Finally, Canaccord Genuity Group boosted their target price on shares of Osisko Gold Royalties from C$30.00 to C$31.00 in a report on Tuesday, July 23rd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$29.13.

Osisko Gold Royalties Stock Up 0.7 %

Shares of Osisko Gold Royalties stock opened at C$28.80 on Thursday. The company has a debt-to-equity ratio of 7.00, a quick ratio of 0.98 and a current ratio of 4.92. Osisko Gold Royalties has a 52-week low of C$16.32 and a 52-week high of C$29.30. The company’s 50 day moving average price is C$24.92 and its 200-day moving average price is C$23.34. The stock has a market capitalization of C$5.36 billion, a price-to-earnings ratio of -57.60, a P/E/G ratio of 1.31 and a beta of 0.90.

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

Insiders Place Their Bets

In other Osisko Gold Royalties news, Director Duncan Cornell Card sold 10,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of C$27.03, for a total value of C$270,331.00. In other news, Director Everard Trenton Richards sold 15,000 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of C$22.19, for a total value of C$332,913.00. Also, Director Duncan Cornell Card sold 10,000 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of C$27.03, for a total value of C$270,331.00. Over the last ninety days, insiders have sold 35,000 shares of company stock worth $851,244. Company insiders own 0.38% of the company’s stock.

Osisko Gold Royalties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were issued a dividend of $0.065 per share. The ex-dividend date was Friday, September 27th. This represents a $0.26 dividend on an annualized basis and a yield of 0.90%. Osisko Gold Royalties’s dividend payout ratio is currently -52.00%.

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.