FY2024 Earnings Forecast for TSE:OR Issued By Scotiabank

Osisko Gold Royalties Ltd (TSE:OR) – Analysts at Scotiabank boosted their FY2024 earnings per share (EPS) estimates for Osisko Gold Royalties in a note issued to investors on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now expects that the company will post earnings per share of $0.70 for the year, up from their prior forecast of $0.65.

Several other analysts have also recently issued reports on the company. BMO Capital Markets upped their price objective on Osisko Gold Royalties from C$27.00 to C$28.00 in a report on Thursday, November 7th. TD Securities downgraded shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. CIBC lifted their price objective on shares of Osisko Gold Royalties from C$36.00 to C$39.00 in a research note on Monday, December 2nd. National Bankshares upped their target price on shares of Osisko Gold Royalties from C$33.50 to C$35.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Stifel Nicolaus lifted their price target on Osisko Gold Royalties from C$29.00 to C$31.00 in a research report on Monday, October 21st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Osisko Gold Royalties presently has a consensus rating of “Moderate Buy” and a consensus target price of C$31.13.

Osisko Gold Royalties Price Performance

TSE:OR opened at C$26.95 on Friday. The company has a market capitalization of C$5.02 billion, a P/E ratio of -53.90, a P/E/G ratio of 1.31 and a beta of 0.90. The business’s 50-day moving average is C$27.09 and its 200 day moving average is C$25.09. 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 has a 12 month low of C$17.41 and a 12 month high of C$29.57.

Osisko Gold Royalties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.065 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.26 annualized dividend and a yield of 0.96%. Osisko Gold Royalties’s payout ratio is -52.00%.

Insider Buying and Selling

In other news, Director Duncan Cornell Card sold 10,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of C$27.03, for a total transaction of C$270,331.00. 0.38% of the stock is currently owned by corporate insiders.

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.