Osisko Gold Royalties Ltd (NYSE:OR) Expected to Post Q1 2024 Earnings of $0.12 Per Share

Osisko Gold Royalties Ltd (NYSE:OR) – Analysts at Cormark issued their Q1 2024 EPS estimates for Osisko Gold Royalties in a research report issued on Monday, April 22nd. Cormark analyst N. Dion expects that the basic materials company will post earnings of $0.12 per share for the quarter. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.42 per share.

Separately, Jefferies Financial Group boosted their price objective on shares of Osisko Gold Royalties from $15.00 to $19.00 and gave the stock a “hold” rating in a report on Monday.

Osisko Gold Royalties Stock Up 2.1 %

Shares of NYSE:OR opened at $15.77 on Tuesday. The company has a market cap of $2.93 billion, a price-to-earnings ratio of -83.00 and a beta of 0.99. Osisko Gold Royalties has a fifty-two week low of $11.24 and a fifty-two week high of $17.96. The firm’s 50-day simple moving average is $15.54 and its 200-day simple moving average is $14.31. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.12.

Osisko Gold Royalties (NYSE:OR) last issued its earnings results on Tuesday, February 20th. The basic materials company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. The business had revenue of $47.87 million for the quarter. Osisko Gold Royalties had a negative net margin of 19.34% and a positive return on equity of 6.78%.

Osisko Gold Royalties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a dividend of $0.0444 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.18 dividend on an annualized basis and a yield of 1.13%. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.04. Osisko Gold Royalties’s payout ratio is currently -94.74%.

Institutional Trading of Osisko Gold Royalties

A number of institutional investors have recently added to or reduced their stakes in the stock. PFG Investments LLC acquired a new position in Osisko Gold Royalties during the first quarter worth about $401,000. Addenda Capital Inc. raised its position in Osisko Gold Royalties by 5.3% during the first quarter. Addenda Capital Inc. now owns 36,569 shares of the basic materials company’s stock worth $600,000 after acquiring an additional 1,826 shares during the last quarter. Global Assets Advisory LLC acquired a new position in Osisko Gold Royalties during the first quarter worth about $389,000. Vanguard Group Inc. raised its position in Osisko Gold Royalties by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 6,736,197 shares of the basic materials company’s stock worth $96,193,000 after acquiring an additional 41,380 shares during the last quarter. Finally, Creekmur Asset Management LLC acquired a new position in Osisko Gold Royalties during the fourth quarter worth about $136,000. Hedge funds and other institutional investors own 68.52% of the company’s stock.

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.