Osisko Gold Royalties Ltd (NYSE:OR) Forecasted to Earn Q1 2024 Earnings of $0.12 Per Share

Osisko Gold Royalties Ltd (NYSE:OR) – Analysts at Cormark issued their Q1 2024 EPS estimates for Osisko Gold Royalties in a research note issued on Monday, April 22nd. Cormark analyst N. Dion anticipates that the basic materials company will post earnings per share of $0.12 for the quarter. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.42 per share.

Osisko Gold Royalties (NYSE:OR) last issued its earnings results on Tuesday, February 20th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The firm had revenue of $47.87 million for the quarter. Osisko Gold Royalties had a negative net margin of 19.34% and a positive return on equity of 6.78%.

Separately, Jefferies Financial Group lifted their price target on Osisko Gold Royalties from $15.00 to $19.00 and gave the company a “hold” rating in a report on Monday.

Osisko Gold Royalties Stock Performance

OR opened at $15.44 on Tuesday. The business’s 50 day moving average is $15.50 and its 200-day moving average is $14.28. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.12. Osisko Gold Royalties has a twelve month low of $11.24 and a twelve month high of $17.96.

Osisko Gold Royalties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.0444 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.04. Osisko Gold Royalties’s payout ratio is -94.74%.

Institutional Investors Weigh In On Osisko Gold Royalties

A number of hedge funds have recently made changes to their positions in the business. PFG Investments LLC bought a new stake in shares of Osisko Gold Royalties during the first quarter valued at approximately $401,000. Addenda Capital Inc. raised its holdings in Osisko Gold Royalties by 5.3% during the first quarter. Addenda Capital Inc. now owns 36,569 shares of the basic materials company’s stock worth $600,000 after purchasing an additional 1,826 shares in the last quarter. Global Assets Advisory LLC bought a new stake in Osisko Gold Royalties during the first quarter worth approximately $389,000. Vanguard Group Inc. raised its holdings in Osisko Gold Royalties by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 6,736,197 shares of the basic materials company’s stock worth $96,193,000 after purchasing an additional 41,380 shares in the last quarter. Finally, Creekmur Asset Management LLC bought a new stake in Osisko Gold Royalties during the fourth quarter worth approximately $136,000. Institutional investors own 68.52% of the company’s stock.

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.