FY2024 EPS Estimates for Osisko Gold Royalties Ltd Cut by Analyst (TSE:OR)

Osisko Gold Royalties Ltd (TSE:OR) – Equities research analysts at Cormark lowered their FY2024 earnings per share (EPS) estimates for Osisko Gold Royalties in a report released on Tuesday, July 9th. Cormark analyst N. Dion now expects that the company will post earnings per share of $0.69 for the year, down from their previous forecast of $0.70. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.64 per share.

Osisko Gold Royalties (TSE:OR) last posted its quarterly earnings results on Wednesday, May 8th. The company reported C$0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.15 by C$0.01. The business had revenue of C$60.75 million for the quarter. Osisko Gold Royalties had a negative return on equity of 3.15% and a negative net margin of 21.78%.

A number of other brokerages have also recently issued reports on OR. Raymond James raised their target price on Osisko Gold Royalties from C$26.00 to C$28.00 in a report on Tuesday, April 23rd. Scotiabank lifted their target price on Osisko Gold Royalties from C$23.00 to C$24.00 in a research report on Thursday, May 23rd. Stifel Nicolaus lifted 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 report on Friday, April 19th. CIBC lifted their target price on Osisko Gold Royalties from C$33.00 to C$34.00 in a research report on Wednesday. Finally, 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, April 23rd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Osisko Gold Royalties currently has an average rating of “Moderate Buy” and an average price target of C$26.75.

Osisko Gold Royalties Price Performance

Osisko Gold Royalties stock opened at C$22.82 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 4.95 and a debt-to-equity ratio of 9.52. Osisko Gold Royalties has a 12-month low of C$15.42 and a 12-month high of C$23.75. The stock has a market cap of C$4.24 billion, a price-to-earnings ratio of -78.69, a P/E/G ratio of 1.31 and a beta of 0.82. The business’s 50-day simple moving average is C$22.22 and its 200 day simple moving average is C$21.04.

Insider Activity

In other news, Director Victor Bradley sold 5,000 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of C$22.05, for a total value of C$110,270.50. In other news, Director Victor Bradley sold 5,000 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of C$22.05, for a total value of C$110,270.50. Also, Senior Officer Frédéric Ruel sold 33,700 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of C$22.20, for a total transaction of C$748,140.00. Insiders have sold 48,700 shares of company stock valued at $1,087,670 over the last ninety days. 0.38% of the stock is currently owned by company insiders.

Osisko Gold Royalties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.065 per share. This is a positive change from Osisko Gold Royalties’s previous quarterly dividend of $0.06. This represents a $0.26 annualized dividend and a yield of 1.14%. The ex-dividend date is Friday, June 28th. Osisko Gold Royalties’s dividend payout ratio is -82.76%.

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.