Osisko Gold Royalties Ltd to Post Q1 2024 Earnings of $0.17 Per Share, Cormark Forecasts (TSE:OR)

Osisko Gold Royalties Ltd (TSE:OR) – Cormark issued their Q1 2024 earnings per share estimates for Osisko Gold Royalties in a research note issued on Monday, April 22nd. Cormark analyst N. Dion expects that the company will post earnings per share of $0.17 for the quarter. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.55 per share.

Several other brokerages have also commented on OR. CIBC raised their price objective on Osisko Gold Royalties from C$28.50 to C$33.00 in a research report on Monday, April 15th. Canaccord Genuity Group raised their price objective on Osisko Gold Royalties from C$28.00 to C$30.00 in a research report on Tuesday. Stifel Nicolaus raised their price objective on Osisko Gold Royalties from C$27.00 to C$28.00 and gave the company a “buy” rating in a research report on Friday, April 19th. National Bankshares lowered their price objective on Osisko Gold Royalties from C$25.00 to C$23.00 and set an “outperform” rating for the company in a research report on Thursday, February 22nd. Finally, Raymond James lifted their price target on Osisko Gold Royalties from C$26.00 to C$28.00 in a research report on Tuesday. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Osisko Gold Royalties presently has a consensus rating of “Moderate Buy” and an average target price of C$26.56.

Osisko Gold Royalties Stock Performance

Shares of Osisko Gold Royalties stock opened at C$21.55 on Tuesday. The company has a current ratio of 4.11, a quick ratio of 0.98 and a debt-to-equity ratio of 12.11. The firm has a market capitalization of C$4.00 billion, a P/E ratio of -82.88, a P/E/G ratio of 1.31 and a beta of 0.79. The business has a fifty day simple moving average of C$21.10 and a two-hundred day simple moving average of C$19.40. Osisko Gold Royalties has a 12 month low of C$15.42 and a 12 month high of C$24.42.

Osisko Gold Royalties (TSE:OR) last announced its quarterly earnings results on Tuesday, February 20th. The company reported C$0.16 EPS for the quarter, topping analysts’ consensus estimates of C$0.15 by C$0.01. Osisko Gold Royalties had a negative return on equity of 2.85% and a negative net margin of 19.55%. The company had revenue of C$65.16 million during the quarter.

Osisko Gold Royalties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 15th were issued a $0.06 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.24 annualized dividend and a yield of 1.11%. Osisko Gold Royalties’s payout ratio is -92.31%.

Insider Buying and Selling

In related news, Senior Officer Iain Wesley Farmer sold 19,600 shares of Osisko Gold Royalties stock in a transaction dated Monday, March 11th. The stock was sold at an average price of C$22.08, for a total value of C$432,864.04. In other news, Director David Smith purchased 10,000 shares of the business’s stock in a transaction on Monday, February 26th. The stock was acquired at an average cost of C$18.98 per share, for a total transaction of C$189,800.00. Also, Senior Officer Iain Wesley Farmer sold 19,600 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of C$22.08, for a total value of C$432,864.04. In the last ninety days, insiders sold 53,184 shares of company stock worth $1,158,088. 0.57% of the stock is owned by corporate insiders.

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.