Equities Analysts Issue Forecasts for TSE:OR Q3 Earnings

Osisko Gold Royalties Ltd (TSE:OR) – Equities research analysts at Cormark issued their Q3 2024 earnings per share estimates for shares of Osisko Gold Royalties in a report issued on Wednesday, October 23rd. Cormark analyst N. Dion expects that the company will post earnings of $0.17 per share for the quarter.

OR has been the topic of a number of other reports. Scotiabank increased their price objective on shares of Osisko Gold Royalties from C$25.00 to C$27.00 in a research report on Monday, August 19th. Canaccord Genuity Group increased their price target on Osisko Gold Royalties from C$30.00 to C$31.00 in a report on Tuesday, July 23rd. National Bankshares boosted their price objective on Osisko Gold Royalties from C$26.00 to C$28.00 and gave the company an “outperform” rating in a report on Wednesday, July 17th. Stifel Nicolaus increased their target price on Osisko Gold Royalties from C$29.00 to C$31.00 in a research note on Monday, October 21st. Finally, CIBC lifted their target price on Osisko Gold Royalties from C$33.00 to C$34.00 in a research report on Wednesday, July 10th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Osisko Gold Royalties presently has an average rating of “Moderate Buy” and a consensus price target of C$29.13.

Osisko Gold Royalties Price Performance

Osisko Gold Royalties stock opened at C$28.80 on Friday. Osisko Gold Royalties has a 12-month low of C$16.32 and a 12-month high of C$29.30. The company has a current ratio of 4.92, a quick ratio of 0.98 and a debt-to-equity ratio of 7.00. The firm has a 50-day moving average price of C$24.92 and a 200-day moving average price of C$23.34. The firm has a market capitalization of C$5.36 billion, a PE ratio of -57.60, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90.

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

Osisko Gold Royalties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were issued a $0.065 dividend. This represents a $0.26 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Friday, September 27th. Osisko Gold Royalties’s dividend payout ratio is -52.00%.

Insider Transactions at Osisko Gold Royalties

In other Osisko Gold Royalties news, Director Duncan Cornell Card sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of C$27.03, for a total transaction of C$270,331.00. In other Osisko Gold Royalties news, Director Duncan Cornell Card sold 10,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of C$27.03, for a total transaction of C$270,331.00. Also, Director Everard Trenton Richards sold 15,000 shares of Osisko Gold Royalties stock in a transaction on Friday, August 9th. The shares were sold at an average price of C$22.19, for a total value of C$332,913.00. In the last 90 days, insiders have sold 35,000 shares of company stock valued at $851,244. 0.38% of the stock is currently owned by corporate insiders.

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.