Q3 2024 Earnings Estimate for Osisko Gold Royalties Ltd (TSE:OR) Issued By Raymond James

Osisko Gold Royalties Ltd (TSE:OR) – Raymond James raised their Q3 2024 earnings estimates for shares of Osisko Gold Royalties in a research report issued to clients and investors on Tuesday, April 23rd. Raymond James analyst B. Macarthur now expects that the company will post earnings of $0.19 per share for the quarter, up from their previous forecast of $0.15. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.55 per share.

Osisko Gold Royalties (TSE:OR) last issued its quarterly earnings data 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 equities research analysts also recently weighed in on the stock. Canaccord Genuity Group upped their target price on shares of Osisko Gold Royalties from C$28.00 to C$30.00 in a research note on Tuesday. CIBC increased their price objective on shares of Osisko Gold Royalties from C$28.50 to C$33.00 in a research report on Monday, April 15th. TD Securities dropped their price objective 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. Stifel Nicolaus increased their price objective 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, April 19th. Finally, National Bankshares lowered their target price on shares of Osisko Gold Royalties from C$25.00 to C$23.00 and set an “outperform” rating for the company in a report on Thursday, February 22nd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Osisko Gold Royalties presently has an average rating of “Moderate Buy” and a consensus price target of C$26.56.

Osisko Gold Royalties Price Performance

Shares of OR opened at C$21.93 on Thursday. Osisko Gold Royalties has a fifty-two week low of C$15.42 and a fifty-two week high of C$24.42. The firm’s 50 day moving average price is C$21.26 and its 200 day moving average price is C$19.47. The company has a market cap of C$4.07 billion, a P/E ratio of -84.35, a PEG ratio of 1.31 and a beta of 0.79. The company has a quick ratio of 0.98, a current ratio of 4.11 and a debt-to-equity ratio of 12.11.

Insider Buying and Selling

In other news, Senior Officer André Le Bel sold 10,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of C$21.44, for a total value of C$214,400.00. In other news, Senior Officer André Le Bel sold 10,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of C$21.44, for a total value of C$214,400.00. Also, Senior Officer Frédéric Ruel sold 16,100 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of C$21.92, for a total transaction of C$352,912.00. Insiders sold a total of 53,184 shares of company stock worth $1,158,088 in the last 90 days. Company insiders own 0.57% of the company’s stock.

Osisko Gold Royalties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 15th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend was Wednesday, March 27th. Osisko Gold Royalties’s dividend payout ratio is currently -92.31%.

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.