Osisko Gold Royalties Ltd (NYSE:OR) Forecasted to Post FY2024 Earnings of $0.51 Per Share

Osisko Gold Royalties Ltd (NYSE:OR) – Stock analysts at Cormark reduced their FY2024 EPS estimates for Osisko Gold Royalties in a research note issued on Tuesday, June 25th. Cormark analyst N. Dion now anticipates that the basic materials company will post earnings per share of $0.51 for the year, down from their previous forecast of $0.55. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.48 per share. Cormark also issued estimates for Osisko Gold Royalties’ FY2025 earnings at $0.53 EPS.

Osisko Gold Royalties (NYSE:OR) last issued its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $45.06 million during the quarter. Osisko Gold Royalties had a negative net margin of 21.54% and a positive return on equity of 6.69%.

Separately, Jefferies Financial Group boosted their price objective on Osisko Gold Royalties from $15.00 to $19.00 and gave the company a “hold” rating in a report on Monday, April 22nd.

Osisko Gold Royalties Stock Up 0.7 %

Shares of OR opened at $15.58 on Friday. The company has a quick ratio of 4.95, a current ratio of 4.95 and a debt-to-equity ratio of 0.09. The business has a fifty day moving average of $16.19 and a 200 day moving average of $15.40. The company has a market cap of $2.90 billion, a PE ratio of -74.19 and a beta of 1.01. Osisko Gold Royalties has a 52-week low of $11.24 and a 52-week high of $17.37.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its holdings in Osisko Gold Royalties by 125.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,645 shares of the basic materials company’s stock worth $25,000 after buying an additional 916 shares during the period. Raymond James & Associates increased its stake in shares of Osisko Gold Royalties by 6.5% in the fourth quarter. Raymond James & Associates now owns 15,076 shares of the basic materials company’s stock worth $215,000 after acquiring an additional 917 shares during the period. Addenda Capital Inc. raised its holdings in shares of 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 purchasing an additional 1,826 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Osisko Gold Royalties by 6.5% during the first quarter. Commonwealth Equity Services LLC now owns 35,686 shares of the basic materials company’s stock valued at $586,000 after purchasing an additional 2,182 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in Osisko Gold Royalties by 7.6% in the fourth quarter. SG Americas Securities LLC now owns 49,773 shares of the basic materials company’s stock valued at $711,000 after purchasing an additional 3,497 shares during the last quarter. Hedge funds and other institutional investors own 68.52% of the company’s stock.

Osisko Gold Royalties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.047 per share. The ex-dividend date is Friday, June 28th. This represents a $0.19 annualized dividend and a dividend yield of 1.21%. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.04. Osisko Gold Royalties’s dividend payout ratio is -85.71%.

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.