What is Stifel Canada's Estimate for OR FY2024 Earnings?

Osisko Gold Royalties Ltd (NYSE:OR - Free Report) - Analysts at Stifel Canada reduced their FY2024 earnings estimates for shares of Osisko Gold Royalties in a research note issued to investors on Tuesday, February 4th. Stifel Canada analyst I. Rico now forecasts that the basic materials company will earn $0.46 per share for the year, down from their prior estimate of $0.48. The consensus estimate for Osisko Gold Royalties' current full-year earnings is $0.48 per share. Stifel Canada also issued estimates for Osisko Gold Royalties' FY2025 earnings at $0.66 EPS and FY2026 earnings at $0.61 EPS.

OR has been the subject of a number of other reports. TD Cowen downgraded shares of Osisko Gold Royalties from a "buy" rating to a "hold" rating in a research note on Monday, November 11th. TD Securities cut Osisko Gold Royalties from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 11th.

Osisko Gold Royalties Stock Up 1.4 %

Osisko Gold Royalties stock traded up $0.28 during mid-day trading on Friday, reaching $20.09. The company's stock had a trading volume of 256,107 shares, compared to its average volume of 517,240. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40. Osisko Gold Royalties has a 12 month low of $12.77 and a 12 month high of $21.29. The business's 50 day simple moving average is $18.81 and its 200 day simple moving average is $18.62. The company has a market capitalization of $3.75 billion, a price-to-earnings ratio of -95.70 and a beta of 1.02.

Hedge Funds Weigh In On Osisko Gold Royalties

Large investors have recently modified their holdings of the business. FMR LLC raised its holdings in Osisko Gold Royalties by 1.9% during the 3rd quarter. FMR LLC now owns 4,484,929 shares of the basic materials company's stock worth $83,070,000 after purchasing an additional 83,799 shares during the last quarter. CIBC Asset Management Inc raised its stake in Osisko Gold Royalties by 21.6% during the fourth quarter. CIBC Asset Management Inc now owns 3,111,398 shares of the basic materials company's stock worth $56,215,000 after buying an additional 551,936 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Osisko Gold Royalties by 5.7% in the third quarter. Principal Financial Group Inc. now owns 1,527,110 shares of the basic materials company's stock valued at $28,316,000 after buying an additional 82,150 shares during the period. Scheer Rowlett & Associates Investment Management Ltd. lifted its holdings in Osisko Gold Royalties by 1.5% in the fourth quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 980,133 shares of the basic materials company's stock valued at $17,726,000 after buying an additional 14,332 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in Osisko Gold Royalties by 190.5% during the third quarter. The Manufacturers Life Insurance Company now owns 796,804 shares of the basic materials company's stock valued at $14,766,000 after acquiring an additional 522,551 shares during the last quarter. Institutional investors own 68.52% of the company's stock.

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.