National Bank Financial Forecasts OR FY2024 Earnings

Osisko Gold Royalties Ltd (NYSE:OR) – Equities researchers at National Bank Financial upped their FY2024 earnings per share (EPS) estimates for Osisko Gold Royalties in a research note issued to investors on Tuesday, October 22nd. National Bank Financial analyst S. Nagle now anticipates that the basic materials company will post earnings of $0.50 per share for the year, up from their previous forecast of $0.48. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.48 per share. National Bank Financial also issued estimates for Osisko Gold Royalties’ FY2025 earnings at $0.73 EPS.

Osisko Gold Royalties (NYSE:OR) last released its earnings results on Tuesday, August 6th. The basic materials company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Osisko Gold Royalties had a positive return on equity of 6.80% and a negative net margin of 36.71%. The business had revenue of $47.39 million for the quarter.

OR has been the topic of several other reports. TD Securities upgraded shares of Osisko Gold Royalties to a “strong-buy” rating in a report on Monday, July 22nd. Royal Bank of Canada dropped their price objective on shares of Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. Finally, Jefferies Financial Group boosted their price objective on shares of Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, October 4th.

Osisko Gold Royalties Stock Performance

Shares of NYSE:OR opened at $20.70 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.92 and a current ratio of 4.92. The firm has a market cap of $3.86 billion, a PE ratio of -57.50 and a beta of 1.04. The firm’s 50 day simple moving average is $18.42 and its 200-day simple moving average is $17.14. Osisko Gold Royalties has a one year low of $11.89 and a one year high of $21.20.

Hedge Funds Weigh In On Osisko Gold Royalties

Several hedge funds and other institutional investors have recently bought and sold shares of OR. EverSource Wealth Advisors LLC grew its position in Osisko Gold Royalties by 125.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,645 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 916 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of Osisko Gold Royalties in the second quarter worth about $71,000. Squarepoint Ops LLC acquired a new stake in Osisko Gold Royalties during the second quarter worth about $211,000. Creekside Partners purchased a new position in Osisko Gold Royalties during the second quarter valued at approximately $229,000. Finally, International Assets Investment Management LLC acquired a new position in Osisko Gold Royalties in the third quarter valued at approximately $286,000. Institutional investors and hedge funds own 68.52% of the company’s stock.

Osisko Gold Royalties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.047 dividend. This represents a $0.19 annualized dividend and a dividend yield of 0.91%. The ex-dividend date was Monday, September 30th. Osisko Gold Royalties’s payout ratio is -52.78%.

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.