National Bank Financial Comments on TSE:OR FY2024 Earnings

Osisko Gold Royalties Ltd (TSE:OR - Free Report) - National Bank Financial raised their FY2024 earnings estimates for shares of Osisko Gold Royalties in a research report issued to clients and investors on Tuesday, October 22nd. National Bank Financial analyst S. Nagle now forecasts that the company will earn $0.69 per share for the year, up from their prior estimate of $0.66. National Bank Financial also issued estimates for Osisko Gold Royalties' FY2025 earnings at $1.01 EPS.

Osisko Gold Royalties (TSE:OR - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported C$0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.17 by C$0.01. Osisko Gold Royalties had a negative return on equity of 5.46% and a negative net margin of 36.86%. The business had revenue of C$64.85 million during the quarter.

OR has been the topic of several other reports. National Bankshares upped their price objective on shares of Osisko Gold Royalties from C$26.00 to C$28.00 and gave the company an "outperform" rating in a report on Wednesday, July 17th. Scotiabank raised their target price on Osisko Gold Royalties from C$25.00 to C$27.00 in a research note on Monday, August 19th. CIBC upped their price target on Osisko Gold Royalties from C$33.00 to C$34.00 in a research report on Wednesday, July 10th. Stifel Nicolaus raised their price objective on shares of Osisko Gold Royalties from C$29.00 to C$31.00 in a research report on Monday. Finally, Jefferies Financial Group upgraded shares of Osisko Gold Royalties from a "hold" rating to a "buy" rating in a research note on Friday, July 12th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$29.13.

Osisko Gold Royalties Stock Up 0.7 %

TSE:OR traded up C$0.21 during trading hours on Friday, hitting C$28.80. 613,798 shares of the company traded hands, compared to its average volume of 270,036. Osisko Gold Royalties has a one year low of C$16.32 and a one year high of C$29.30. 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's 50-day simple moving average is C$24.92 and its 200-day simple moving average is C$23.34. The company has a market cap of C$5.36 billion, a PE ratio of -57.60, a PEG ratio of 1.31 and a beta of 0.90.

Insider Buying and Selling

In related news, Director Everard Trenton Richards sold 15,000 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of C$22.19, for a total transaction of C$332,913.00. In related news, Director Everard Trenton Richards sold 15,000 shares of Osisko Gold Royalties stock in a transaction on Friday, August 9th. The shares were sold at an average price of C$22.19, for a total value of C$332,913.00. Also, Director Duncan Cornell Card sold 10,000 shares of the company's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of C$27.03, for a total transaction of C$270,331.00. Insiders have sold a total of 35,000 shares of company stock worth $851,244 in the last 90 days. 0.38% of the stock is owned by company insiders.

Osisko Gold Royalties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were issued a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 0.90%. The ex-dividend date was Friday, September 27th. Osisko Gold Royalties's dividend payout ratio is currently -52.00%.

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.