Equities Analysts Offer Predictions for OR FY2024 Earnings

Osisko Gold Royalties Ltd (NYSE:OR) – Research analysts at Raymond James decreased their FY2024 earnings per share estimates for Osisko Gold Royalties in a note issued to investors on Tuesday, January 7th. 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 estimate of $0.49. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.48 per share.

A number of other analysts also recently commented on OR. Jefferies Financial Group boosted their target price on Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. TD Securities downgraded shares of Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, TD Cowen downgraded Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research report on Monday, November 11th.

Osisko Gold Royalties Stock Up 0.3 %

OR stock opened at $18.65 on Friday. Osisko Gold Royalties has a 52 week low of $12.77 and a 52 week high of $21.29. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.05. The company has a market cap of $3.48 billion, a P/E ratio of -88.81 and a beta of 1.02. The company’s 50-day moving average price is $19.07 and its 200 day moving average price is $18.28.

Institutional Trading of Osisko Gold Royalties

A number of hedge funds have recently bought and sold shares of OR. Millennium Management LLC raised its stake in Osisko Gold Royalties by 20.5% during the second quarter. Millennium Management LLC now owns 6,587,348 shares of the basic materials company’s stock worth $102,631,000 after purchasing an additional 1,122,653 shares during the period. FMR LLC raised its position in shares of Osisko Gold Royalties by 1.9% in the 3rd quarter. FMR LLC now owns 4,484,929 shares of the basic materials company’s stock worth $83,070,000 after buying an additional 83,799 shares during the period. Mackenzie Financial Corp boosted its holdings in Osisko Gold Royalties by 237.0% in the second quarter. Mackenzie Financial Corp now owns 1,977,895 shares of the basic materials company’s stock valued at $30,827,000 after acquiring an additional 1,391,005 shares during the last quarter. Principal Financial Group Inc. grew its position in Osisko Gold Royalties by 5.7% during the third quarter. Principal Financial Group Inc. now owns 1,527,110 shares of the basic materials company’s stock valued at $28,316,000 after acquiring an additional 82,150 shares during the period. Finally, Scheer Rowlett & Associates Investment Management Ltd. increased its stake in Osisko Gold Royalties by 53.9% during the third quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 965,801 shares of the basic materials company’s stock worth $17,886,000 after acquiring an additional 338,354 shares during the last quarter. Institutional investors and hedge funds own 68.52% of the company’s stock.

Osisko Gold Royalties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.048 dividend. This represents a $0.19 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Tuesday, December 31st. This is a positive change from Osisko Gold Royalties’s previous quarterly dividend of $0.05. Osisko Gold Royalties’s payout ratio is currently -90.48%.

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.