FY2024 Earnings Forecast for Osisko Gold Royalties Ltd (TSE:OR) Issued By National Bank Financial

Osisko Gold Royalties Ltd (TSE:ORFree Report) – Equities research analysts at National Bank Financial cut their FY2024 earnings per share estimates for Osisko Gold Royalties in a research report issued to clients and investors on Monday, February 5th. National Bank Financial analyst S. Nagle now expects that the company will post earnings of $0.66 per share for the year, down from their prior forecast of $0.72. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.62 per share.

Osisko Gold Royalties (TSE:ORGet Free Report) last issued its quarterly earnings data on Wednesday, November 8th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.14 by C($0.02). Osisko Gold Royalties had a net margin of 16.89% and a return on equity of 2.38%. The business had revenue of C$62.07 million during the quarter.

A number of other research analysts also recently commented on OR. Canaccord Genuity Group dropped their price target on Osisko Gold Royalties from C$25.00 to C$24.50 and set a “buy” rating for the company in a research note on Monday, November 20th. BMO Capital Markets upped their target price on Osisko Gold Royalties from C$23.00 to C$24.00 in a research report on Wednesday, December 13th. National Bankshares upped their target price on Osisko Gold Royalties from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Monday, January 15th. TD Securities decreased their price target on Osisko Gold Royalties from C$26.00 to C$21.00 and set a “buy” rating for the company in a report on Wednesday, November 15th. Finally, Raymond James increased their price target on Osisko Gold Royalties from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Friday, January 12th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$25.15.

Check Out Our Latest Stock Analysis on OR

Osisko Gold Royalties Trading Down 3.1 %

Shares of Osisko Gold Royalties stock opened at C$19.69 on Thursday. Osisko Gold Royalties has a 12-month low of C$15.42 and a 12-month high of C$24.42. The stock has a market cap of C$3.65 billion, a P/E ratio of 89.50, a P/E/G ratio of 1.31 and a beta of 0.81. The company has a quick ratio of 0.98, a current ratio of 4.47 and a debt-to-equity ratio of 18.63. The business’s 50 day moving average is C$19.21 and its 200-day moving average is C$18.18.

Insiders Place Their Bets

In other news, Senior Officer AndrĂ© Le Bel sold 13,300 shares of the company’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of C$20.05, for a total transaction of C$266,665.00. In other Osisko Gold Royalties news, Director Michael David Saynor Spencer sold 4,900 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of C$19.15, for a total value of C$93,835.00. Also, Senior Officer AndrĂ© Le Bel sold 13,300 shares of the company’s stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of C$20.05, for a total value of C$266,665.00. Corporate insiders own 0.56% of the company’s stock.

Osisko Gold Royalties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Monday, January 15th were paid a $0.06 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.24 annualized dividend and a yield of 1.22%. Osisko Gold Royalties’s payout ratio is 109.09%.

Osisko Gold Royalties Company Profile

(Get Free Report)

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 5% net smelter return royalty on the Canadian Malartic mine located in Canada.

See Also

Earnings History and Estimates for Osisko Gold Royalties (TSE:OR)

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