What is Raymond James’ Forecast for TSE:OR FY2024 Earnings?

Osisko Gold Royalties Ltd (TSE:OR) – Raymond James increased their FY2024 earnings per share estimates for Osisko Gold Royalties in a report released on Tuesday, January 7th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of $0.69 for the year, up from their prior estimate of $0.68. Raymond James also issued estimates for Osisko Gold Royalties’ Q4 2024 earnings at $0.20 EPS and FY2025 earnings at $0.81 EPS.

OR has been the topic of a number of other reports. National Bankshares boosted their target price on shares of Osisko Gold Royalties from C$33.50 to C$35.00 and gave the stock an “outperform” rating in a research report on Thursday. CIBC upped their price objective on shares of Osisko Gold Royalties from C$36.00 to C$39.00 in a research report on Monday, December 2nd. TD Securities lowered Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. BMO Capital Markets boosted their price target on Osisko Gold Royalties from C$27.00 to C$28.00 in a research note on Thursday, November 7th. Finally, Stifel Nicolaus raised their price objective on Osisko Gold Royalties from C$29.00 to C$31.00 in a research note on Monday, October 21st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Osisko Gold Royalties currently has an average rating of “Moderate Buy” and an average price target of C$31.13.

Osisko Gold Royalties Stock Performance

Osisko Gold Royalties stock opened at C$27.62 on Thursday. The firm has a market capitalization of C$5.14 billion, a PE ratio of -55.24, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90. Osisko Gold Royalties has a one year low of C$17.41 and a one year high of C$29.57. The stock’s 50 day moving average price is C$27.14 and its 200 day moving average price is C$25.05. The company has a debt-to-equity ratio of 7.00, a quick ratio of 0.98 and a current ratio of 4.92.

Insiders Place Their Bets

In other news, Director Duncan Cornell Card sold 10,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of C$27.03, for a total transaction of C$270,331.00. 0.38% of the stock is currently owned by corporate insiders.

Osisko Gold Royalties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Tuesday, December 31st. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently -52.00%.

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.