TSE:OR FY2024 EPS Estimate Raised by National Bank Financial

Osisko Gold Royalties Ltd (TSE:OR) – Equities researchers at National Bank Financial lifted their FY2024 earnings per share estimates for shares of Osisko Gold Royalties in a note issued to investors on Tuesday, October 22nd. National Bank Financial analyst S. Nagle now anticipates that the company will earn $0.69 per share for the year, up from their prior forecast of $0.66. National Bank Financial also issued estimates for Osisko Gold Royalties’ FY2025 earnings at $1.01 EPS.

Several other equities analysts also recently weighed in on OR. CIBC raised their price target on Osisko Gold Royalties from C$33.00 to C$34.00 in a research report on Wednesday, July 10th. Jefferies Financial Group raised Osisko Gold Royalties from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. Stifel Nicolaus raised their price target on Osisko Gold Royalties from C$29.00 to C$31.00 in a research report on Monday, October 21st. Canaccord Genuity Group raised their price objective on Osisko Gold Royalties from C$30.00 to C$31.00 in a report on Tuesday, July 23rd. Finally, Scotiabank raised their price objective on Osisko Gold Royalties from C$25.00 to C$27.00 in a report on Monday, August 19th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$29.13.

Osisko Gold Royalties Stock Performance

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

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

Insider Activity at Osisko Gold Royalties

In other Osisko Gold Royalties news, Director Everard Trenton Richards sold 15,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of C$22.19, for a total value of C$332,913.00. In other Osisko Gold Royalties news, Senior Officer André Le Bel sold 10,000 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of C$24.80, for a total value of C$248,000.00. Also, Director Everard Trenton Richards sold 15,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of C$22.19, for a total value of C$332,913.00. Over the last 90 days, insiders have sold 35,000 shares of company stock worth $851,244. 0.38% of the stock is owned by insiders.

Osisko Gold Royalties Dividend Announcement

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

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.