Raymond James Brokers Lift Earnings Estimates for Osisko Gold Royalties Ltd (NYSE:OR)

Osisko Gold Royalties Ltd (NYSE:OR) – Raymond James raised their Q3 2024 earnings per share (EPS) estimates for Osisko Gold Royalties in a note issued to investors on Tuesday, April 23rd. Raymond James analyst B. Macarthur now forecasts that the basic materials company will post earnings per share of $0.14 for the quarter, up from their prior forecast of $0.11. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.43 per share.

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

Osisko Gold Royalties Trading Up 1.3 %

Shares of Osisko Gold Royalties stock opened at $15.95 on Thursday. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of -83.92 and a beta of 0.99. The business has a 50-day moving average price of $15.60 and a 200-day moving average price of $14.33. 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 (NYSE:OR) last issued its quarterly earnings data on Tuesday, February 20th. The basic materials company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The firm had revenue of $47.87 million during the quarter. Osisko Gold Royalties had a positive return on equity of 6.78% and a negative net margin of 19.34%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of Osisko Gold Royalties during the fourth quarter valued at approximately $18,728,000. Van ECK Associates Corp boosted its position in shares of Osisko Gold Royalties by 4.2% during the third quarter. Van ECK Associates Corp now owns 20,064,306 shares of the basic materials company’s stock valued at $235,755,000 after buying an additional 810,979 shares during the period. Fiera Capital Corp boosted its position in shares of Osisko Gold Royalties by 102.5% during the fourth quarter. Fiera Capital Corp now owns 1,068,769 shares of the basic materials company’s stock valued at $15,303,000 after buying an additional 540,915 shares during the period. Montrusco Bolton Investments Inc. boosted its position in shares of Osisko Gold Royalties by 191.4% during the third quarter. Montrusco Bolton Investments Inc. now owns 740,388 shares of the basic materials company’s stock valued at $8,735,000 after buying an additional 486,286 shares during the period. Finally, TD Asset Management Inc boosted its position in shares of Osisko Gold Royalties by 38.6% during the fourth quarter. TD Asset Management Inc now owns 1,452,558 shares of the basic materials company’s stock valued at $20,831,000 after buying an additional 404,297 shares during the period. Hedge funds and other institutional investors own 68.52% of the company’s stock.

Osisko Gold Royalties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a $0.0444 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.18 annualized dividend and a yield of 1.11%. This is a positive change from Osisko Gold Royalties’s previous quarterly dividend of $0.04. Osisko Gold Royalties’s dividend payout ratio (DPR) is currently -94.74%.

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.