FY2024 Earnings Forecast for OR Issued By Stifel Canada

Osisko Gold Royalties Ltd (NYSE:OR - Free Report) - Stock analysts at Stifel Canada raised their FY2024 earnings estimates for shares of Osisko Gold Royalties in a research report issued to clients and investors on Monday, October 21st. Stifel Canada analyst I. Rico now forecasts that the basic materials company will post earnings of $0.48 per share for the year, up from their prior estimate of $0.44. The consensus estimate for Osisko Gold Royalties' current full-year earnings is $0.48 per share.

A number of other brokerages have also issued reports on OR. TD Securities raised shares of Osisko Gold Royalties to a "strong-buy" rating in a report on Monday, July 22nd. Royal Bank of Canada dropped their target price on shares of Osisko Gold Royalties from $21.00 to $20.00 and set an "outperform" rating for the company in a research report on Tuesday, September 10th. Finally, Jefferies Financial Group lifted their price target on shares of Osisko Gold Royalties from $19.00 to $22.00 and gave the company a "buy" rating in a report on Friday, October 4th.

Osisko Gold Royalties Price Performance

NYSE:OR traded down $0.22 during trading hours on Thursday, hitting $20.66. 520,781 shares of the stock traded hands, compared to its average volume of 740,775. The stock has a 50 day moving average price of $18.28 and a 200 day moving average price of $17.08. The company has a quick ratio of 4.92, a current ratio of 4.92 and a debt-to-equity ratio of 0.07. The company has a market cap of $3.85 billion, a price-to-earnings ratio of -98.00 and a beta of 1.04. Osisko Gold Royalties has a 1 year low of $11.89 and a 1 year high of $21.20.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. Osisko Gold Royalties had a negative net margin of 36.71% and a positive return on equity of 6.80%. The firm had revenue of $47.39 million during the quarter.

Osisko Gold Royalties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.047 per share. The ex-dividend date was Monday, September 30th. This represents a $0.19 annualized dividend and a yield of 0.91%. Osisko Gold Royalties's payout ratio is -90.48%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. National Bank of Canada FI grew its holdings in shares of Osisko Gold Royalties by 3.2% in the first quarter. National Bank of Canada FI now owns 1,473,449 shares of the basic materials company's stock worth $24,046,000 after purchasing an additional 45,866 shares during the last quarter. Renaissance Technologies LLC boosted its position in Osisko Gold Royalties by 12.9% in the 2nd quarter. Renaissance Technologies LLC now owns 239,800 shares of the basic materials company's stock valued at $3,736,000 after buying an additional 27,400 shares during the period. Price T Rowe Associates Inc. MD bought a new position in Osisko Gold Royalties in the 1st quarter worth about $109,825,000. Mackenzie Financial Corp increased its position in shares of Osisko Gold Royalties by 237.0% during the second quarter. Mackenzie Financial Corp now owns 1,977,895 shares of the basic materials company's stock worth $30,827,000 after acquiring an additional 1,391,005 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Osisko Gold Royalties by 81.1% during the second quarter. The Manufacturers Life Insurance Company now owns 274,253 shares of the basic materials company's stock valued at $4,268,000 after acquiring an additional 122,827 shares in the last quarter. 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.