Q4 EPS Estimates for OR Raised by National Bank Financial

Osisko Gold Royalties Ltd (NYSE:OR) – Equities research analysts at National Bank Financial lifted their Q4 2024 earnings estimates for shares of Osisko Gold Royalties in a research report issued to clients and investors on Monday, February 10th. National Bank Financial analyst S. Nagle now forecasts that the basic materials company will earn $0.20 per share for the quarter, up from their previous forecast of $0.18. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.48 per share.

A number of other research analysts also recently commented on the stock. Royal Bank of Canada lifted their price objective on shares of Osisko Gold Royalties from $23.00 to $24.00 and gave the company an “outperform” rating in a research report on Tuesday. TD Cowen downgraded shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, TD Securities downgraded shares of Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th.

Osisko Gold Royalties Trading Up 3.1 %

NYSE OR opened at $20.39 on Wednesday. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of -97.10 and a beta of 1.02. The firm’s fifty day moving average price is $18.84 and its 200 day moving average price is $18.65. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.40 and a quick ratio of 4.40. Osisko Gold Royalties has a 12 month low of $12.77 and a 12 month high of $21.29.

Hedge Funds Weigh In On Osisko Gold Royalties

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bornite Capital Management LP lifted its stake in Osisko Gold Royalties by 15.7% during the 4th quarter. Bornite Capital Management LP now owns 1,500,000 shares of the basic materials company’s stock valued at $27,150,000 after acquiring an additional 204,000 shares during the period. ExodusPoint Capital Management LP lifted its stake in shares of Osisko Gold Royalties by 34.7% in the 4th quarter. ExodusPoint Capital Management LP now owns 17,428 shares of the basic materials company’s stock worth $315,000 after purchasing an additional 4,487 shares during the period. Geode Capital Management LLC lifted its stake in shares of Osisko Gold Royalties by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 83,446 shares of the basic materials company’s stock worth $1,528,000 after purchasing an additional 2,981 shares during the period. Franklin Resources Inc. lifted its stake in shares of Osisko Gold Royalties by 4.5% in the 4th quarter. Franklin Resources Inc. now owns 12,282 shares of the basic materials company’s stock worth $222,000 after purchasing an additional 534 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in shares of Osisko Gold Royalties by 4.6% in the 4th quarter. Alliancebernstein L.P. now owns 28,700 shares of the basic materials company’s stock worth $519,000 after purchasing an additional 1,260 shares during the period. Institutional investors 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.