Osisko Gold Royalties Ltd (TSE:OR) Forecasted to Earn Q3 2024 Earnings of $0.19 Per Share

Osisko Gold Royalties Ltd (TSE:OR) – Analysts at Raymond James raised their Q3 2024 earnings estimates for Osisko Gold Royalties in a note issued to investors on Tuesday, April 23rd. Raymond James analyst B. Macarthur now forecasts that the company will earn $0.19 per share for the quarter, up from their prior forecast of $0.15. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.55 per share.

Several other equities analysts have also commented on OR. Stifel Nicolaus increased their price objective on shares of Osisko Gold Royalties from C$27.00 to C$28.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Canaccord Genuity Group increased their price objective on shares of Osisko Gold Royalties from C$28.00 to C$30.00 in a research report on Tuesday. CIBC increased their price objective on shares of Osisko Gold Royalties from C$28.50 to C$33.00 in a research report on Monday, April 15th. TD Securities reduced their price target on shares of Osisko Gold Royalties from C$25.00 to C$23.00 and set a “buy” rating for the company in a research report on Friday, February 23rd. Finally, National Bankshares reduced their price target on shares of Osisko Gold Royalties from C$25.00 to C$23.00 and set an “outperform” rating for the company in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$26.56.

Osisko Gold Royalties Stock Performance

OR stock opened at C$21.78 on Thursday. The firm has a market cap of C$4.04 billion, a price-to-earnings ratio of -83.77, a PEG ratio of 1.31 and a beta of 0.79. The firm has a 50-day simple moving average of C$21.20 and a two-hundred day simple moving average of C$19.43. Osisko Gold Royalties has a one year low of C$15.42 and a one year high of C$24.42. The company has a debt-to-equity ratio of 12.11, a quick ratio of 0.98 and a current ratio of 4.11.

Osisko Gold Royalties (TSE:OR) last released its quarterly earnings results on Tuesday, February 20th. The company reported C$0.16 EPS for the quarter, beating the consensus estimate of C$0.15 by C$0.01. The business had revenue of C$65.16 million during the quarter. Osisko Gold Royalties had a negative net margin of 19.55% and a negative return on equity of 2.85%.

Insider Transactions at Osisko Gold Royalties

In other news, Senior Officer Guy Desharnais sold 7,484 shares of Osisko Gold Royalties stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$21.10, for a total transaction of C$157,912.40. In related news, Director David Smith acquired 10,000 shares of Osisko Gold Royalties stock in a transaction that occurred on Monday, February 26th. The shares were purchased at an average cost of C$18.98 per share, for a total transaction of C$189,800.00. Also, Senior Officer Guy Desharnais sold 7,484 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$21.10, for a total transaction of C$157,912.40. Insiders have sold a total of 53,184 shares of company stock worth $1,158,088 in the last quarter. Company insiders own 0.57% of the company’s stock.

Osisko Gold Royalties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 15th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.24 annualized dividend and a dividend yield of 1.10%. Osisko Gold Royalties’s dividend payout ratio is presently -92.31%.

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.