Osisko Gold Royalties Ltd to Post FY2024 Earnings of $0.53 Per Share, Cormark Forecasts (NYSE:OR)

Osisko Gold Royalties Ltd (NYSE:OR) – Stock analysts at Cormark raised their FY2024 earnings per share (EPS) estimates for Osisko Gold Royalties in a research note issued on Tuesday, October 1st. Cormark analyst N. Dion now anticipates that the basic materials company will earn $0.53 per share for the year, up from their previous forecast of $0.52. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.48 per share.

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

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

Osisko Gold Royalties Stock Performance

Shares of OR opened at $18.85 on Wednesday. Osisko Gold Royalties has a 12 month low of $11.30 and a 12 month high of $19.03. The stock has a fifty day moving average price of $17.50 and a 200-day moving average price of $16.72. The company has a current ratio of 4.92, a quick ratio of 4.92 and a debt-to-equity ratio of 0.07. The firm has a market cap of $3.51 billion, a PE ratio of -89.76 and a beta of 1.03.

Osisko Gold Royalties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.047 per share. This represents a $0.19 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Monday, September 30th. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently -90.48%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its stake in Osisko Gold Royalties by 125.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,645 shares of the basic materials company’s stock valued at $25,000 after buying an additional 916 shares in the last quarter. Point72 DIFC Ltd purchased a new position in Osisko Gold Royalties in the 2nd quarter worth approximately $71,000. Creekmur Asset Management LLC purchased a new position in Osisko Gold Royalties in the 4th quarter worth approximately $136,000. Armistice Capital LLC purchased a new position in Osisko Gold Royalties in the 4th quarter worth approximately $184,000. Finally, Squarepoint Ops LLC purchased a new position in Osisko Gold Royalties in the 2nd quarter worth approximately $211,000. 68.52% of the stock is owned by hedge funds and other institutional investors.

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.