Research Analysts Set Expectations for OR FY2024 Earnings

Osisko Gold Royalties Ltd (NYSE:OR - Free Report) - National Bank Financial raised their FY2024 earnings per share (EPS) estimates for shares of Osisko Gold Royalties in a research report issued to clients and investors on Tuesday, October 22nd. National Bank Financial analyst S. Nagle now anticipates that the basic materials company will earn $0.50 per share for the year, up from their prior forecast of $0.48. The consensus estimate for Osisko Gold Royalties' current full-year earnings is $0.48 per share. National Bank Financial also issued estimates for Osisko Gold Royalties' FY2025 earnings at $0.73 EPS.

Other equities analysts also recently issued research reports about the company. Royal Bank of Canada lowered their price target on Osisko Gold Royalties from $21.00 to $20.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 10th. Jefferies Financial Group increased their price target on Osisko Gold Royalties from $19.00 to $22.00 and gave the company a "buy" rating in a research note on Friday, October 4th. Finally, TD Securities raised shares of Osisko Gold Royalties to a "strong-buy" rating in a research report on Monday, July 22nd.

Osisko Gold Royalties Stock Performance

OR stock traded up $0.04 during trading hours on Friday, reaching $20.71. The stock had a trading volume of 533,966 shares, compared to its average volume of 739,775. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.92 and a quick ratio of 4.92. The stock has a 50-day simple moving average of $18.42 and a 200 day simple moving average of $17.14. The stock has a market capitalization of $3.86 billion, a PE ratio of -57.51 and a beta of 1.04. Osisko Gold Royalties has a fifty-two week low of $11.89 and a fifty-two week high of $21.20.

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

Osisko Gold Royalties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.047 dividend. This represents a $0.19 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Monday, September 30th. Osisko Gold Royalties's dividend payout ratio is -52.78%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in OR. EverSource Wealth Advisors LLC lifted its stake in Osisko Gold Royalties by 125.7% during the first quarter. EverSource Wealth Advisors LLC now owns 1,645 shares of the basic materials company's stock worth $25,000 after purchasing an additional 916 shares during the last quarter. Moors & Cabot Inc. increased its position in Osisko Gold Royalties by 5.1% during the 2nd quarter. Moors & Cabot Inc. now owns 20,536 shares of the basic materials company's stock worth $320,000 after purchasing an additional 1,000 shares in the last quarter. Addenda Capital Inc. increased its position in Osisko Gold Royalties by 5.3% during the 1st quarter. Addenda Capital Inc. now owns 36,569 shares of the basic materials company's stock worth $600,000 after purchasing an additional 1,826 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in Osisko Gold Royalties by 6.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 35,686 shares of the basic materials company's stock valued at $586,000 after purchasing an additional 2,182 shares during the last quarter. Finally, U S Global Investors Inc. boosted its position in Osisko Gold Royalties by 0.8% in the third quarter. U S Global Investors Inc. now owns 437,796 shares of the basic materials company's stock valued at $8,104,000 after buying an additional 3,364 shares in the last quarter. Institutional investors and hedge funds 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.