Raymond James Has Pessimistic Outlook of OR FY2024 Earnings

Osisko Gold Royalties Ltd (NYSE:OR - Free Report) - Raymond James lowered their FY2024 earnings per share (EPS) estimates for Osisko Gold Royalties in a research report issued on Tuesday, January 7th. Raymond James analyst B. Macarthur now expects that the basic materials company will post earnings per share of $0.48 for the year, down from their prior forecast of $0.49. The consensus estimate for Osisko Gold Royalties' current full-year earnings is $0.48 per share.

OR has been the topic of a number of other research reports. Jefferies Financial Group increased their target price on Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. TD Cowen lowered Osisko Gold Royalties from a "buy" rating to a "hold" rating in a research note on Monday, November 11th. Finally, TD Securities lowered Osisko Gold Royalties from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 11th.

Osisko Gold Royalties Stock Performance

Shares of OR traded up $0.05 during mid-day trading on Friday, reaching $18.65. The company's stock had a trading volume of 723,786 shares, compared to its average volume of 414,031. Osisko Gold Royalties has a 1-year low of $12.77 and a 1-year high of $21.29. The stock has a market cap of $3.48 billion, a P/E ratio of -88.81 and a beta of 1.02. The business has a 50-day simple moving average of $19.07 and a two-hundred day simple moving average of $18.28. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.05.

Osisko Gold Royalties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.048 per share. This represents a $0.19 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Osisko Gold Royalties's previous quarterly dividend of $0.05. Osisko Gold Royalties's dividend payout ratio (DPR) is -90.48%.

Hedge Funds Weigh In On Osisko Gold Royalties

Several hedge funds and other institutional investors have recently modified their holdings of the business. Capital Performance Advisors LLP acquired a new stake in shares of Osisko Gold Royalties during the 3rd quarter valued at $58,000. Point72 DIFC Ltd acquired a new stake in shares of Osisko Gold Royalties during the 2nd quarter valued at $71,000. Icon Wealth Advisors LLC acquired a new stake in shares of Osisko Gold Royalties during the 3rd quarter valued at $187,000. US Bancorp DE boosted its holdings in shares of Osisko Gold Royalties by 32.1% during the 3rd quarter. US Bancorp DE now owns 10,629 shares of the basic materials company's stock valued at $197,000 after acquiring an additional 2,584 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of Osisko Gold Royalties during the 2nd quarter valued at $211,000. Institutional investors own 68.52% of the company's stock.

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.