Raymond James Has Negative Estimate for OR FY2024 Earnings

Osisko Gold Royalties Ltd (NYSE:OR) – Equities research analysts at Raymond James cut their FY2024 earnings estimates for shares of Osisko Gold Royalties in a note issued to investors on Monday, October 28th. Raymond James analyst B. Macarthur now expects that the basic materials company will earn $0.48 per share for the year, down from their previous forecast of $0.50. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.49 per share. Raymond James also issued estimates for Osisko Gold Royalties’ Q1 2025 earnings at $0.16 EPS and Q4 2025 earnings at $0.13 EPS.

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

Several other research firms have also weighed in on OR. Royal Bank of Canada reduced their price target on shares of Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. TD Securities upgraded shares of Osisko Gold Royalties to a “strong-buy” rating in a research report on Monday, July 22nd. Finally, Jefferies Financial Group increased their target price on shares of Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, October 4th.

Osisko Gold Royalties Price Performance

OR opened at $21.00 on Tuesday. The firm has a market cap of $3.91 billion, a P/E ratio of -58.33 and a beta of 1.04. The firm has a 50-day moving average of $18.56 and a 200 day moving average of $17.22. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.92 and a current ratio of 4.92. Osisko Gold Royalties has a fifty-two week low of $11.89 and a fifty-two week high of $21.29.

Institutional Investors Weigh In On Osisko Gold Royalties

A number of institutional investors and hedge funds have recently modified their holdings of OR. EverSource Wealth Advisors LLC lifted its holdings in shares of Osisko Gold Royalties by 125.7% in the first quarter. EverSource Wealth Advisors LLC now owns 1,645 shares of the basic materials company’s stock worth $25,000 after buying an additional 916 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Osisko Gold Royalties in the second quarter worth about $71,000. US Bancorp DE lifted its holdings in shares of Osisko Gold Royalties by 32.1% in the third quarter. US Bancorp DE now owns 10,629 shares of the basic materials company’s stock worth $197,000 after buying an additional 2,584 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in Osisko Gold Royalties in the second quarter valued at approximately $211,000. Finally, Creekside Partners purchased a new stake in Osisko Gold Royalties in the second quarter valued at approximately $229,000. 68.52% of the stock is owned by hedge funds and other institutional investors.

Osisko Gold Royalties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.047 dividend. This represents a $0.19 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Monday, September 30th. Osisko Gold Royalties’s payout ratio is -52.78%.

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.