What is Scotiabank's Estimate for OR FY2024 Earnings?

Osisko Gold Royalties Ltd (NYSE:OR - Free Report) - Analysts at Scotiabank boosted their FY2024 earnings per share (EPS) estimates for shares of Osisko Gold Royalties in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now forecasts that the basic materials company will post earnings per share of $0.49 for the year, up from their previous forecast of $0.48. The consensus estimate for Osisko Gold Royalties' current full-year earnings is $0.48 per share.

Other equities analysts have also issued reports about the stock. TD Securities lowered shares of Osisko Gold Royalties from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 11th. TD Cowen lowered shares of Osisko Gold Royalties from a "buy" rating to a "hold" rating in a research report on Monday, November 11th. Finally, Jefferies Financial Group boosted their price target on shares of Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a "buy" rating in a research note on Friday, October 4th.

Osisko Gold Royalties Price Performance

NYSE:OR traded up $0.05 on Friday, reaching $18.65. The 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 fifty day moving average price of $19.07 and a 200-day moving average price of $18.28. The company has a market capitalization of $3.48 billion, a P/E ratio of -88.81 and a beta of 1.02. 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

Large investors have recently modified their holdings of the business. Capital Performance Advisors LLP bought a new stake in shares of Osisko Gold Royalties in the third quarter worth about $58,000. Point72 DIFC Ltd bought a new stake in shares of Osisko Gold Royalties in the second quarter worth about $71,000. Icon Wealth Advisors LLC acquired a new position in shares of Osisko Gold Royalties during the third quarter worth about $187,000. US Bancorp DE boosted its position in shares of Osisko Gold Royalties by 32.1% during the third quarter. US Bancorp DE now owns 10,629 shares of the basic materials company's stock worth $197,000 after buying an additional 2,584 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in shares of Osisko Gold Royalties during the second quarter worth about $211,000. 68.52% of the stock is currently owned by institutional investors.

Osisko Gold Royalties Increases Dividend

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

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.