Q3 Earnings Forecast for OR Issued By Cormark

Osisko Gold Royalties Ltd (NYSE:OR) – Equities researchers at Cormark issued their Q3 2024 earnings per share estimates for shares of Osisko Gold Royalties in a report released on Wednesday, October 23rd. Cormark analyst N. Dion forecasts that the basic materials company will earn $0.12 per share for the quarter. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.48 per share.

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

A number of other research analysts have also weighed in on the stock. Royal Bank of Canada cut their target price on shares of Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. Jefferies Financial Group upped their price target 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, TD Securities upgraded shares of Osisko Gold Royalties to a “strong-buy” rating in a report on Monday, July 22nd.

Osisko Gold Royalties Stock Performance

OR opened at $20.71 on Friday. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of -57.51 and a beta of 1.04. The company has a fifty day moving average of $18.42 and a 200 day moving average of $17.14. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.92 and a current ratio of 4.92. Osisko Gold Royalties has a fifty-two week low of $11.89 and a fifty-two week high of $21.20.

Hedge Funds Weigh In On Osisko Gold Royalties

Several institutional investors and hedge funds have recently added to or reduced their stakes in OR. EdgePoint Investment Group Inc. increased its position in shares of Osisko Gold Royalties by 2.1% during the first quarter. EdgePoint Investment Group Inc. now owns 24,728,134 shares of the basic materials company’s stock worth $406,002,000 after purchasing an additional 501,485 shares in the last quarter. Van ECK Associates Corp increased its position in Osisko Gold Royalties by 3.7% during the 1st quarter. Van ECK Associates Corp now owns 21,012,286 shares of the basic materials company’s stock valued at $345,021,000 after buying an additional 745,973 shares in the last quarter. Vanguard Group Inc. raised its stake in Osisko Gold Royalties by 0.9% in the first quarter. Vanguard Group Inc. now owns 6,796,280 shares of the basic materials company’s stock valued at $111,595,000 after buying an additional 60,083 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in Osisko Gold Royalties in the first quarter worth about $109,825,000. Finally, Millennium Management LLC grew its stake 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 worth $102,631,000 after acquiring an additional 1,122,653 shares during the last quarter. Hedge funds and other institutional investors own 68.52% of the company’s stock.

Osisko Gold Royalties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.047 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 0.91%. Osisko Gold Royalties’s dividend payout ratio is presently -52.78%.

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.