Q1 2024 EPS Estimates for Osisko Gold Royalties Ltd Lifted by Analyst (TSE:OR)

Osisko Gold Royalties Ltd (TSE:OR) – Stock analysts at Raymond James upped their Q1 2024 earnings per share (EPS) estimates for Osisko Gold Royalties in a research note issued on Tuesday, April 23rd. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of $0.14 for the quarter, up from their prior forecast of $0.11. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.55 per share. Raymond James also issued estimates for Osisko Gold Royalties’ Q2 2024 earnings at $0.15 EPS, Q4 2024 earnings at $0.20 EPS and FY2024 earnings at $0.69 EPS.

Several other analysts also recently weighed in on the stock. Canaccord Genuity Group lifted their target price on shares of Osisko Gold Royalties from C$28.00 to C$30.00 in a report on Tuesday, April 23rd. TD Securities dropped 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 report on Friday, February 23rd. Stifel Nicolaus increased their target price on Osisko Gold Royalties from C$27.00 to C$28.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. National Bankshares dropped their price objective on Osisko Gold Royalties from C$25.00 to C$23.00 and set an “outperform” rating on the stock in a report on Thursday, February 22nd. Finally, CIBC increased their price objective on Osisko Gold Royalties from C$28.50 to C$33.00 in a research report on Monday, April 15th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$26.56.

Osisko Gold Royalties Stock Performance

Shares of OR opened at C$21.93 on Friday. The stock has a market capitalization of C$4.07 billion, a P/E ratio of -84.35, a P/E/G ratio of 1.31 and a beta of 0.79. The company has a debt-to-equity ratio of 12.11, a quick ratio of 0.98 and a current ratio of 4.11. Osisko Gold Royalties has a 1 year low of C$15.42 and a 1 year high of C$24.42. The company’s fifty day moving average is C$21.26 and its two-hundred day moving average is C$19.50.

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

Osisko Gold Royalties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 15th were issued a dividend of $0.06 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.24 annualized dividend and a yield of 1.09%. Osisko Gold Royalties’s dividend payout ratio is presently -92.31%.

Insiders Place Their Bets

In related news, Senior Officer Guy Desharnais sold 7,484 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$21.10, for a total value of C$157,912.40. In related news, Senior Officer Guy Desharnais sold 7,484 shares of Osisko Gold Royalties stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$21.10, for a total transaction of C$157,912.40. Also, Senior Officer Iain Wesley Farmer sold 19,600 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of C$22.08, for a total value of C$432,864.04. Over the last ninety days, insiders have 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.