Osisko Gold Royalties Ltd (TSE:OR) Forecasted to Earn Q3 2024 Earnings of $0.19 Per Share

Osisko Gold Royalties Ltd (TSE:OR) – Raymond James increased their Q3 2024 earnings per share estimates for Osisko Gold Royalties in a research note issued on Tuesday, April 23rd. Raymond James analyst B. Macarthur now expects that the company will post earnings of $0.19 per share for the quarter, up from their prior estimate of $0.15. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.55 per share.

Osisko Gold Royalties (TSE:OR) last issued its earnings results on Tuesday, February 20th. The company reported C$0.16 EPS for the quarter, beating 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 firm had revenue of C$65.16 million for the quarter.

A number of other research analysts also recently commented on OR. TD Securities lowered their target price on Osisko Gold Royalties from C$25.00 to C$23.00 and set a “buy” rating on the stock in a research note on Friday, February 23rd. Stifel Nicolaus boosted their target price on Osisko Gold Royalties from C$27.00 to C$28.00 and gave the company a “buy” rating in a research note on Friday, April 19th. CIBC boosted their price target on Osisko Gold Royalties from C$28.50 to C$33.00 in a research report on Monday, April 15th. Canaccord Genuity Group boosted their price target on Osisko Gold Royalties from C$28.00 to C$30.00 in a research report on Tuesday. Finally, National Bankshares reduced their price target 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. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Osisko Gold Royalties presently has an average rating of “Moderate Buy” and an average price target of C$26.56.

Osisko Gold Royalties Stock Performance

Shares of TSE OR opened at C$21.78 on Thursday. The business’s 50-day moving average price is C$21.20 and its two-hundred day moving average price is C$19.43. The company has a debt-to-equity ratio of 12.11, a current ratio of 4.11 and a quick ratio of 0.98. Osisko Gold Royalties has a one year low of C$15.42 and a one year high of C$24.42. The company has a market capitalization of C$4.04 billion, a P/E ratio of -83.77, a price-to-earnings-growth ratio of 1.31 and a beta of 0.79.

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 given a dividend of $0.06 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.24 annualized dividend and a dividend yield of 1.10%. Osisko Gold Royalties’s dividend payout ratio is presently -92.31%.

Insider Buying and Selling

In related news, Senior Officer André Le Bel sold 10,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of C$21.44, for a total transaction of C$214,400.00. In related news, Senior Officer André Le Bel sold 10,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of C$21.44, for a total transaction of C$214,400.00. Also, Senior Officer Guy Desharnais sold 7,484 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$21.10, for a total value of C$157,912.40. In the last 90 days, insiders sold 53,184 shares of company stock valued at $1,158,088. Insiders own 0.57% 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.