Q4 EPS Forecast for Osisko Gold Royalties Boosted by Analyst

Osisko Gold Royalties Ltd (NYSE:OR - Free Report) - Stock analysts at National Bank Financial upped their Q4 2024 earnings estimates for Osisko Gold Royalties in a research note issued on Monday, February 10th. National Bank Financial analyst S. Nagle now expects that the basic materials company will post earnings per share of $0.20 for the quarter, up from their prior forecast of $0.18. The consensus estimate for Osisko Gold Royalties' current full-year earnings is $0.48 per share.

Several other research firms have also recently commented on OR. TD Cowen cut shares of Osisko Gold Royalties from a "buy" rating to a "hold" rating in a research report on Monday, November 11th. TD Securities cut shares of Osisko Gold Royalties from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 11th. Finally, Royal Bank of Canada boosted their price objective on shares of Osisko Gold Royalties from $23.00 to $24.00 and gave the company an "outperform" rating in a research report on Tuesday.

Osisko Gold Royalties Stock Down 3.7 %

OR traded down $0.75 during trading on Wednesday, hitting $19.68. The company had a trading volume of 646,510 shares, compared to its average volume of 548,752. The company has a market capitalization of $3.67 billion, a PE ratio of -93.70 and a beta of 1.02. Osisko Gold Royalties has a one year low of $12.77 and a one year high of $21.29. The firm's 50-day moving average price is $18.88 and its 200 day moving average price is $18.68. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.05.

Institutional Investors Weigh In On Osisko Gold Royalties

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership raised its holdings in shares of Osisko Gold Royalties by 352.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,099,521 shares of the basic materials company's stock valued at $74,160,000 after purchasing an additional 3,194,173 shares during the period. FMR LLC raised its holdings in shares of Osisko Gold Royalties by 25.2% in the 4th quarter. FMR LLC now owns 5,613,898 shares of the basic materials company's stock valued at $101,659,000 after purchasing an additional 1,128,969 shares during the period. Norges Bank bought a new stake in shares of Osisko Gold Royalties in the 4th quarter valued at about $11,683,000. CIBC Asset Management Inc raised its holdings in shares of Osisko Gold Royalties by 21.6% in the 4th quarter. CIBC Asset Management Inc now owns 3,111,398 shares of the basic materials company's stock valued at $56,215,000 after purchasing an additional 551,936 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Osisko Gold Royalties by 190.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 796,804 shares of the basic materials company's stock valued at $14,766,000 after purchasing an additional 522,551 shares during the period. 68.52% of the stock is currently owned by institutional investors and hedge funds.

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.