Scotiabank Has Bullish Estimate for TSE:OR FY2024 Earnings

Osisko Gold Royalties Ltd (TSE:OR - Free Report) - Research analysts at Scotiabank lifted their FY2024 earnings per share (EPS) estimates for shares of Osisko Gold Royalties in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now anticipates that the company will post earnings per share of $0.70 for the year, up from their prior estimate of $0.65.

A number of other equities research analysts also recently weighed in on the company. CIBC raised their price target on Osisko Gold Royalties from C$36.00 to C$39.00 in a research note on Monday, December 2nd. TD Securities cut shares of Osisko Gold Royalties from a "buy" rating to a "hold" rating in a research note on Monday, November 11th. National Bankshares boosted their target price on shares of Osisko Gold Royalties from C$33.50 to C$35.00 and gave the stock an "outperform" rating in a research report on Thursday. Stifel Nicolaus raised their price target on shares of Osisko Gold Royalties from C$29.00 to C$31.00 in a report on Monday, October 21st. Finally, BMO Capital Markets upped their price objective on shares of Osisko Gold Royalties from C$27.00 to C$28.00 in a report on Thursday, November 7th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Osisko Gold Royalties presently has a consensus rating of "Moderate Buy" and an average target price of C$31.13.

Osisko Gold Royalties Stock Down 2.4 %

Shares of OR traded down C$0.67 during trading hours on Friday, reaching C$26.95. The company's stock had a trading volume of 225,021 shares, compared to its average volume of 197,665. The company has a 50 day moving average of C$27.09 and a two-hundred day moving average of C$25.07. The company has a quick ratio of 0.98, a current ratio of 4.92 and a debt-to-equity ratio of 7.00. The firm has a market cap of C$5.02 billion, a price-to-earnings ratio of -53.90, a P/E/G ratio of 1.31 and a beta of 0.90. Osisko Gold Royalties has a 1-year low of C$17.41 and a 1-year high of C$29.57.

Osisko Gold Royalties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Tuesday, December 31st. Osisko Gold Royalties's dividend payout ratio (DPR) is -52.00%.

Insider Buying and Selling at Osisko Gold Royalties

In other news, Director Duncan Cornell Card sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of C$27.03, for a total value of C$270,331.00. Company insiders own 0.38% 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.