Q2 2024 EPS Estimates for Osisko Gold Royalties Ltd Increased by Raymond James (NYSE:OR)

Osisko Gold Royalties Ltd (NYSE:OR) – Equities research analysts at Raymond James raised their Q2 2024 EPS estimates for shares of Osisko Gold Royalties in a research note issued to investors on Tuesday, April 23rd. Raymond James analyst B. Macarthur now expects that the basic materials company will post earnings of $0.11 per share for the quarter, up from their previous estimate of $0.10. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.43 per share. Raymond James also issued estimates for Osisko Gold Royalties’ Q4 2024 earnings at $0.15 EPS and FY2024 earnings at $0.50 EPS.

Osisko Gold Royalties (NYSE:OR) last posted its earnings results 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 business 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 boosted their price target on shares of Osisko Gold Royalties from $15.00 to $19.00 and gave the company a “hold” rating in a research report on Monday, April 22nd.

Osisko Gold Royalties Stock Performance

NYSE OR opened at $16.05 on Friday. The stock has a market cap of $2.98 billion, a P/E ratio of -84.45 and a beta of 0.99. The company’s 50-day simple moving average is $15.64 and its 200 day simple moving average is $14.36. Osisko Gold Royalties has a twelve month low of $11.24 and a twelve month high of $17.96. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.12.

Hedge Funds Weigh In On Osisko Gold Royalties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OR. PFG Investments LLC acquired a new position in shares of Osisko Gold Royalties during the first quarter worth approximately $401,000. Addenda Capital Inc. lifted its position in shares of 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 acquired a new position in shares of Osisko Gold Royalties during the first quarter worth approximately $389,000. Vanguard Group Inc. lifted its position in shares of 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 acquired a new position in shares of Osisko Gold Royalties during the fourth quarter worth approximately $136,000. 68.52% of the stock is currently owned by institutional investors and hedge funds.

Osisko Gold Royalties Increases Dividend

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

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.