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

Osisko Gold Royalties Ltd (TSE:OR) – Cormark cut their FY2024 EPS estimates for shares of Osisko Gold Royalties in a research report issued on Tuesday, October 1st. Cormark analyst N. Dion now forecasts that the company will post earnings of $0.71 per share for the year, down from their previous estimate of $0.72. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.81 per share.

OR has been the subject of a number of other research reports. Raymond James dropped their target price on shares of Osisko Gold Royalties from C$27.50 to C$27.00 in a research report on Monday, August 19th. Jefferies Financial Group raised shares of Osisko Gold Royalties from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. Canaccord Genuity Group raised their price objective on Osisko Gold Royalties from C$30.00 to C$31.00 in a research report on Tuesday, July 23rd. TD Securities increased their target price on Osisko Gold Royalties from C$28.00 to C$29.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Finally, CIBC boosted their price target on Osisko Gold Royalties from C$33.00 to C$34.00 in a research report on Wednesday, July 10th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$28.50.

Osisko Gold Royalties Stock Performance

The firm has a 50 day simple moving average of C$23.80 and a two-hundred day simple moving average of C$22.80. The company has a debt-to-equity ratio of 7.00, a current ratio of 4.92 and a quick ratio of 0.98. Osisko Gold Royalties has a 12 month low of C$15.72 and a 12 month high of C$25.79. The firm has a market capitalization of C$4.70 billion, a price-to-earnings ratio of -51.16, a P/E/G ratio of 1.31 and a beta of 0.89.

Osisko Gold Royalties (TSE:OR) last released its quarterly earnings results on Tuesday, August 6th. The company reported C$0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.17 by C$0.01. The business had revenue of C$64.85 million during the quarter. Osisko Gold Royalties had a negative return on equity of 5.46% and a negative net margin of 36.86%.

Insider Buying and Selling at Osisko Gold Royalties

In other Osisko Gold Royalties news, Director Everard Trenton Richards sold 15,000 shares of Osisko Gold Royalties stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of C$22.19, for a total transaction of C$332,913.00. In other news, Director Everard Trenton Richards sold 15,000 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of C$22.19, for a total value of C$332,913.00. Also, Senior Officer André Le Bel sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of C$24.80, for a total transaction of C$248,000.00. Insiders own 0.38% of the company’s stock.

Osisko Gold Royalties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th will be issued a dividend of $0.065 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.26 annualized dividend and a yield of ∞. Osisko Gold Royalties’s payout ratio is presently -52.00%.

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.