Osisko Gold Royalties Ltd (NYSE:OR) Forecasted to Earn Q3 2024 Earnings of $0.13 Per Share

Osisko Gold Royalties Ltd (NYSE:OR) – Equities research analysts at Raymond James increased their Q3 2024 EPS estimates for shares of Osisko Gold Royalties in a research report issued to clients and investors on Monday, September 23rd. Raymond James analyst B. Macarthur now expects that the basic materials company will post earnings of $0.13 per share for the quarter, up from their previous estimate of $0.12. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.47 per share. Raymond James also issued estimates for Osisko Gold Royalties’ FY2024 earnings at $0.52 EPS, Q1 2025 earnings at $0.14 EPS, Q3 2025 earnings at $0.15 EPS, Q4 2025 earnings at $0.15 EPS and FY2025 earnings at $0.59 EPS.

Several other research firms also recently weighed in on OR. TD Securities upgraded Osisko Gold Royalties to a “strong-buy” rating in a research report on Monday, July 22nd. Royal Bank of Canada dropped their price objective on shares of Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. Finally, Jefferies Financial Group raised shares of Osisko Gold Royalties from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Friday, July 12th.

Osisko Gold Royalties Trading Down 2.8 %

Shares of Osisko Gold Royalties stock opened at $18.45 on Thursday. The firm has a market cap of $3.43 billion, a PE ratio of -87.86 and a beta of 1.03. The company has a quick ratio of 4.92, a current ratio of 4.92 and a debt-to-equity ratio of 0.07. Osisko Gold Royalties has a fifty-two week low of $11.24 and a fifty-two week high of $19.03. The business’s fifty day moving average is $17.40 and its two-hundred day moving average is $16.63.

Osisko Gold Royalties (NYSE:OR) last announced its earnings results on Tuesday, August 6th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The firm had revenue of $47.39 million for the quarter. Osisko Gold Royalties had a negative net margin of 36.71% and a positive return on equity of 6.80%.

Institutional Investors Weigh In On Osisko Gold Royalties

Institutional investors have recently added to or reduced their stakes in the company. Point72 DIFC Ltd acquired a new position in shares of Osisko Gold Royalties in the 2nd quarter valued at about $71,000. Cubist Systematic Strategies LLC purchased a new position in Osisko Gold Royalties in the second quarter valued at approximately $288,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Osisko Gold Royalties during the second quarter valued at approximately $294,000. Creekside Partners purchased a new stake in Osisko Gold Royalties during the second quarter worth approximately $229,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Osisko Gold Royalties in the second quarter worth $344,000. Hedge funds and other institutional investors own 68.52% of the company’s stock.

Osisko Gold Royalties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.047 dividend. This represents a $0.19 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Monday, September 30th. Osisko Gold Royalties’s payout ratio is currently -90.48%.

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.