National Bank Financial Predicts TSE:OR FY2024 Earnings

Osisko Gold Royalties Ltd (TSE:OR) – Analysts at National Bank Financial boosted their FY2024 earnings per share (EPS) estimates for shares of Osisko Gold Royalties in a research report issued to clients and investors on Tuesday, October 22nd. National Bank Financial analyst S. Nagle now anticipates that the company will earn $0.69 per share for the year, up from their prior forecast of $0.66. National Bank Financial also issued estimates for Osisko Gold Royalties’ FY2025 earnings at $1.01 EPS.

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

Several other analysts also recently issued reports on OR. 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 note on Wednesday, July 17th. Canaccord Genuity Group upped their price target on shares of Osisko Gold Royalties from C$30.00 to C$31.00 in a research note on Tuesday, July 23rd. TD Securities lifted their price objective on shares of Osisko Gold Royalties from C$27.00 to C$31.00 in a research note on Friday, October 18th. Stifel Nicolaus increased their target price on shares of Osisko Gold Royalties from C$29.00 to C$31.00 in a research report on Monday, October 21st. Finally, Jefferies Financial Group upgraded shares of Osisko Gold Royalties from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$29.13.

Osisko Gold Royalties Price Performance

Shares of OR opened at C$28.80 on Friday. The company’s 50-day moving average is C$24.92 and its 200-day moving average is C$23.34. 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 firm has a market capitalization of C$5.36 billion, a PE ratio of -57.60, a PEG ratio of 1.31 and a beta of 0.90. Osisko Gold Royalties has a fifty-two week low of C$16.32 and a fifty-two week high of C$29.30.

Insiders Place Their Bets

In related 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 value of C$270,331.00. In other news, Director Everard Trenton Richards sold 15,000 shares of the company’s stock in a transaction on Friday, August 9th. The shares were 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 Osisko Gold Royalties 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 have sold 35,000 shares of company stock valued at $851,244 in the last ninety days. 0.38% of the stock is currently owned by insiders.

Osisko Gold Royalties Dividend Announcement

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

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.