Osisko Gold Royalties Ltd to Post FY2023 Earnings of $0.48 Per Share, National Bank Financial Forecasts (NYSE:OR)

Osisko Gold Royalties Ltd (NYSE:OR) – Investment analysts at National Bank Financial dropped their FY2023 earnings per share (EPS) estimates for shares of Osisko Gold Royalties in a research report issued to clients and investors on Thursday, November 9th. National Bank Financial analyst S. Nagle now expects that the basic materials company will post earnings per share of $0.48 for the year, down from their previous estimate of $0.49. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.43 per share. National Bank Financial also issued estimates for Osisko Gold Royalties’ Q4 2023 earnings at $0.12 EPS, Q1 2024 earnings at $0.11 EPS, FY2024 earnings at $0.52 EPS and FY2026 earnings at $0.56 EPS.

Separately, Scotiabank initiated coverage on Osisko Gold Royalties in a report on Tuesday, August 22nd. They set a “sector perform” rating and a $22.00 price objective on the stock.

Osisko Gold Royalties Trading Down 3.3 %

NYSE OR opened at $12.71 on Monday. The company has a quick ratio of 4.45, a current ratio of 4.45 and a debt-to-equity ratio of 0.18. Osisko Gold Royalties has a twelve month low of $11.24 and a twelve month high of $17.96. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 79.44 and a beta of 0.83. The business’s fifty day moving average is $12.34 and its 200 day moving average is $14.18.

Osisko Gold Royalties Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be issued a dividend of $0.043 per share. This represents a $0.17 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Thursday, December 28th. Osisko Gold Royalties’s dividend payout ratio (DPR) is 106.25%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Fiera Capital Corp lifted its holdings in Osisko Gold Royalties by 15.6% during the 3rd quarter. Fiera Capital Corp now owns 527,854 shares of the basic materials company’s stock worth $6,216,000 after buying an additional 71,339 shares during the period. Citigroup Inc. lifted its holdings in Osisko Gold Royalties by 1,232.3% during the 3rd quarter. Citigroup Inc. now owns 46,632 shares of the basic materials company’s stock worth $550,000 after buying an additional 43,132 shares during the period. Campbell & CO Investment Adviser LLC acquired a new position in Osisko Gold Royalties during the 3rd quarter worth about $1,767,000. Montrusco Bolton Investments Inc. lifted its holdings in Osisko Gold Royalties by 191.4% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 740,388 shares of the basic materials company’s stock worth $8,735,000 after buying an additional 486,286 shares during the period. Finally, Van ECK Associates Corp lifted its stake in shares of Osisko Gold Royalties by 4.2% in the 3rd quarter. Van ECK Associates Corp now owns 20,064,306 shares of the basic materials company’s stock valued at $235,755,000 after purchasing an additional 810,979 shares during the period. 58.77% of the stock is owned by institutional investors and hedge funds.

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 5% net smelter return royalty on the Canadian Malartic mine located in Canada.