FY2024 EPS Estimates for Osisko Gold Royalties Ltd Raised by Analyst (NYSE:OR)

Osisko Gold Royalties Ltd (NYSE:OR) – Cormark increased their FY2024 earnings per share estimates for shares of Osisko Gold Royalties in a report issued on Tuesday, October 1st. Cormark analyst N. Dion now forecasts that the basic materials company will post earnings of $0.53 per share for the year, up from their previous forecast of $0.52. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.47 per share.

Other analysts also recently issued research reports about the stock. Royal Bank of Canada lowered their target price on shares of Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. TD Securities raised Osisko Gold Royalties to a “strong-buy” rating in a report on Monday, July 22nd. Finally, Jefferies Financial Group raised Osisko Gold Royalties from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Friday, July 12th.

Osisko Gold Royalties Stock Performance

NYSE:OR opened at $18.69 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.92 and a quick ratio of 4.92. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of -89.00 and a beta of 1.03. The firm’s fifty day moving average price is $17.44 and its 200 day moving average price is $16.69. Osisko Gold Royalties has a 1-year low of $11.24 and a 1-year high of $19.03.

Osisko Gold Royalties (NYSE:OR) last released its earnings results on Tuesday, August 6th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. Osisko Gold Royalties had a positive return on equity of 6.80% and a negative net margin of 36.71%. The business had revenue of $47.39 million for the quarter.

Osisko Gold Royalties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.047 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 1.01%. Osisko Gold Royalties’s dividend payout ratio is presently -90.48%.

Institutional Trading of Osisko Gold Royalties

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Point72 DIFC Ltd purchased a new position in Osisko Gold Royalties in the 2nd quarter valued at approximately $71,000. Cubist Systematic Strategies LLC purchased a new position in shares of Osisko Gold Royalties in the second quarter valued at $288,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Osisko Gold Royalties during the 2nd quarter worth $294,000. Creekside Partners acquired a new position in shares of Osisko Gold Royalties during the 2nd quarter worth $229,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Osisko Gold Royalties in the 2nd quarter worth about $344,000. Institutional investors and hedge funds own 68.52% of the company’s stock.

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.