Osisko Gold Royalties Ltd (TSE:OR) to Post Q1 2024 Earnings of $0.17 Per Share, Cormark Forecasts

Osisko Gold Royalties Ltd (TSE:OR) – Investment analysts at Cormark issued their Q1 2024 earnings estimates for shares of Osisko Gold Royalties in a research report issued on Monday, April 22nd. Cormark analyst N. Dion forecasts that the company will post earnings per share of $0.17 for the quarter. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.55 per share.

Osisko Gold Royalties (TSE:OR) last announced its earnings results on Tuesday, February 20th. The company reported C$0.16 EPS for the quarter, topping the consensus estimate of C$0.15 by C$0.01. Osisko Gold Royalties had a negative net margin of 19.55% and a negative return on equity of 2.85%. The firm had revenue of C$65.16 million for the quarter.

Several other brokerages have also weighed in on OR. CIBC lifted their target price on shares of Osisko Gold Royalties from C$28.50 to C$33.00 in a research report on Monday, April 15th. Stifel Nicolaus boosted their price target on shares of Osisko Gold Royalties from C$27.00 to C$28.00 and gave the company a “buy” rating in a research report on Friday. TD Securities reduced their price target on shares of Osisko Gold Royalties from C$25.00 to C$23.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. Raymond James boosted their price target on shares of Osisko Gold Royalties from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research report on Friday, January 12th. Finally, National Bankshares reduced their price target on shares of Osisko Gold Royalties from C$25.00 to C$23.00 and set an “outperform” rating on the stock in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$25.72.

Osisko Gold Royalties Price Performance

Shares of Osisko Gold Royalties stock opened at C$21.14 on Tuesday. The company has a debt-to-equity ratio of 12.11, a quick ratio of 0.98 and a current ratio of 4.11. The firm’s 50-day simple moving average is C$21.05 and its 200-day simple moving average is C$19.36. Osisko Gold Royalties has a twelve month low of C$15.42 and a twelve month high of C$24.42. The firm has a market cap of C$3.92 billion, a P/E ratio of -81.31, a price-to-earnings-growth ratio of 1.31 and a beta of 0.79.

Osisko Gold Royalties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 15th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Wednesday, March 27th. Osisko Gold Royalties’s dividend payout ratio is presently -92.31%.

Insiders Place Their Bets

In related news, Director David Smith bought 10,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was bought at an average cost of C$18.98 per share, with a total value of C$189,800.00. In related news, Senior Officer Iain Wesley Farmer sold 19,600 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of C$22.08, for a total transaction of C$432,864.04. Also, Director David Smith purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were acquired at an average cost of C$18.98 per share, with a total value of C$189,800.00. Over the last three months, insiders sold 53,184 shares of company stock valued at $1,158,088. Insiders own 0.57% of the company’s stock.

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.