Research Analysts Issue Forecasts for OR FY2024 Earnings

Osisko Gold Royalties Ltd (NYSE:OR) – Stock analysts at National Bank Financial lifted their FY2024 EPS estimates for shares of Osisko Gold Royalties in a report issued on Tuesday, October 22nd. National Bank Financial analyst S. Nagle now expects that the basic materials company will post earnings of $0.50 per share for the year, up from their prior estimate of $0.48. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.48 per share. National Bank Financial also issued estimates for Osisko Gold Royalties’ FY2025 earnings at $0.73 EPS.

Osisko Gold Royalties (NYSE:OR) last issued its earnings results on Tuesday, August 6th. The basic materials company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Osisko Gold Royalties had a negative net margin of 36.71% and a positive return on equity of 6.80%. The company had revenue of $47.39 million for the quarter.

Several other equities analysts have also issued reports on the company. TD Securities upgraded Osisko Gold Royalties to a “strong-buy” rating in a research report on Monday, July 22nd. Jefferies Financial Group raised their target price on shares of Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Finally, Royal Bank of Canada dropped their price target on shares of Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th.

Osisko Gold Royalties Stock Down 1.1 %

Shares of NYSE:OR opened at $20.65 on Friday. Osisko Gold Royalties has a 12-month low of $11.89 and a 12-month high of $21.20. The company has a current ratio of 4.92, a quick ratio of 4.92 and a debt-to-equity ratio of 0.07. The stock’s 50-day moving average price is $18.35 and its 200-day moving average price is $17.11. The stock has a market capitalization of $3.85 billion, a P/E ratio of -57.36 and a beta of 1.04.

Osisko Gold Royalties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.047 dividend. This represents a $0.19 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Monday, September 30th. Osisko Gold Royalties’s dividend payout ratio (DPR) is currently -52.78%.

Hedge Funds Weigh In On Osisko Gold Royalties

Several hedge funds have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD bought a new stake in Osisko Gold Royalties in the first quarter valued at $109,825,000. Bornite Capital Management LP bought a new stake in shares of Osisko Gold Royalties during the 1st quarter valued at about $33,370,000. Mackenzie Financial Corp increased its position in shares of Osisko Gold Royalties by 237.0% during the second quarter. Mackenzie Financial Corp now owns 1,977,895 shares of the basic materials company’s stock valued at $30,827,000 after buying an additional 1,391,005 shares during the period. Millennium Management LLC increased its position in shares of Osisko Gold Royalties by 20.5% during the second quarter. Millennium Management LLC now owns 6,587,348 shares of the basic materials company’s stock valued at $102,631,000 after buying an additional 1,122,653 shares during the period. Finally, Yaupon Capital Management LP bought a new position in Osisko Gold Royalties in the first quarter worth about $15,973,000. 68.52% of the stock is owned by hedge funds and other institutional investors.

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.