Raymond James Issues Pessimistic Forecast for OR Earnings

Osisko Gold Royalties Ltd (NYSE:OR - Free Report) - Equities research analysts at Raymond James decreased their FY2024 earnings per share (EPS) estimates for Osisko Gold Royalties in a note issued to investors on Monday, October 28th. Raymond James analyst B. Macarthur now anticipates that the basic materials company will post earnings per share of $0.48 for the year, down from their previous forecast of $0.50. The consensus estimate for Osisko Gold Royalties' current full-year earnings is $0.49 per share. Raymond James also issued estimates for Osisko Gold Royalties' Q1 2025 earnings at $0.16 EPS and Q4 2025 earnings at $0.13 EPS.

OR has been the topic of a number of other research reports. Royal Bank of Canada dropped their target price on Osisko Gold Royalties from $21.00 to $20.00 and set an "outperform" rating on the stock in a report on Tuesday, September 10th. TD Securities upgraded Osisko Gold Royalties to a "strong-buy" rating in a report on Monday, July 22nd. Finally, Jefferies Financial Group raised their target price on 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 Stock Up 1.1 %

NYSE:OR traded up $0.22 on Tuesday, hitting $21.00. The stock had a trading volume of 535,768 shares, compared to its average volume of 736,702. The business's fifty day moving average is $18.49 and its 200 day moving average is $17.18. The company has a market cap of $3.91 billion, a PE ratio of -57.72 and a beta of 1.04. The company has a quick ratio of 4.92, a current ratio of 4.92 and a debt-to-equity ratio of 0.07. Osisko Gold Royalties has a 52 week low of $11.89 and a 52 week high of $21.29.

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

Hedge Funds Weigh In On Osisko Gold Royalties

Hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its position in shares of Osisko Gold Royalties by 125.7% in the first quarter. EverSource Wealth Advisors LLC now owns 1,645 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 916 shares in the last quarter. Point72 DIFC Ltd purchased a new position in shares of Osisko Gold Royalties in the second quarter valued at $71,000. US Bancorp DE grew its position in shares of Osisko Gold Royalties by 32.1% in the third quarter. US Bancorp DE now owns 10,629 shares of the basic materials company's stock valued at $197,000 after purchasing an additional 2,584 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of Osisko Gold Royalties in the second quarter valued at $211,000. Finally, Creekside Partners purchased a new position in shares of Osisko Gold Royalties in the second quarter valued at $229,000. 68.52% of the stock is currently owned by hedge funds and other institutional investors.

Osisko Gold Royalties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.047 dividend. This represents a $0.19 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend was Monday, September 30th. Osisko Gold Royalties's dividend payout ratio is currently -52.78%.

About Osisko Gold Royalties

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.