Raymond James Analysts Boost Earnings Estimates for Osisko Gold Royalties Ltd (NYSE:OR)

Osisko Gold Royalties Ltd (NYSE:OR) – Investment analysts at Raymond James increased their Q3 2024 earnings per share (EPS) estimates for Osisko Gold Royalties in a note issued to investors on Tuesday, April 23rd. Raymond James analyst B. Macarthur now expects that the basic materials company will post earnings per share of $0.14 for the quarter, up from their prior estimate of $0.11. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.43 per share.

Separately, Jefferies Financial Group raised their price objective on Osisko Gold Royalties from $15.00 to $19.00 and gave the stock a “hold” rating in a research report on Monday, April 22nd.

Osisko Gold Royalties Price Performance

Shares of OR opened at $16.05 on Thursday. Osisko Gold Royalties has a 1 year low of $11.24 and a 1 year high of $17.96. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.11 and a quick ratio of 4.11. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of -84.45 and a beta of 0.99. The business has a 50-day moving average of $15.64 and a 200-day moving average of $14.36.

Osisko Gold Royalties (NYSE:OR) last announced its quarterly earnings results on Tuesday, February 20th. The basic materials company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Osisko Gold Royalties had a positive return on equity of 6.78% and a negative net margin of 19.34%. The firm had revenue of $47.87 million for the quarter.

Osisko Gold Royalties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.0444 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 1.11%. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Wednesday, March 27th. Osisko Gold Royalties’s dividend payout ratio (DPR) is -94.74%.

Institutional Investors Weigh In On Osisko Gold Royalties

A number of hedge funds have recently added to or reduced their stakes in OR. Norges Bank bought a new stake in Osisko Gold Royalties in the fourth quarter worth approximately $18,728,000. Van ECK Associates Corp increased its holdings in Osisko Gold Royalties by 4.2% in the third quarter. Van ECK Associates Corp now owns 20,064,306 shares of the basic materials company’s stock worth $235,755,000 after purchasing an additional 810,979 shares in the last quarter. Fiera Capital Corp increased its holdings in Osisko Gold Royalties by 102.5% in the fourth quarter. Fiera Capital Corp now owns 1,068,769 shares of the basic materials company’s stock worth $15,303,000 after purchasing an additional 540,915 shares in the last quarter. Montrusco Bolton Investments Inc. increased its holdings in shares of Osisko Gold Royalties by 191.4% during the third quarter. Montrusco Bolton Investments Inc. now owns 740,388 shares of the basic materials company’s stock valued at $8,735,000 after acquiring an additional 486,286 shares in the last quarter. Finally, TD Asset Management Inc increased its holdings in shares of Osisko Gold Royalties by 38.6% during the fourth quarter. TD Asset Management Inc now owns 1,452,558 shares of the basic materials company’s stock valued at $20,831,000 after acquiring an additional 404,297 shares in the last quarter. 68.52% of the stock is currently owned by 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.