Osisko Gold Royalties Ltd to Post Q3 2024 Earnings of $0.19 Per Share, Raymond James Forecasts (TSE:OR)

Osisko Gold Royalties Ltd (TSE:OR) – Equities research analysts at Raymond James raised their Q3 2024 EPS estimates for Osisko Gold Royalties in a research note issued on Tuesday, April 23rd. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of $0.19 per share for the quarter, up from their previous forecast of $0.15. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.55 per share.

Osisko Gold Royalties (TSE:OR) last released its earnings results on Tuesday, February 20th. The company reported C$0.16 EPS for the quarter, topping the consensus estimate of C$0.15 by C$0.01. Osisko Gold Royalties had a negative net margin of 19.55% and a negative return on equity of 2.85%. The firm had revenue of C$65.16 million for the quarter.

Several other research firms also recently commented on OR. CIBC boosted their target price on shares of Osisko Gold Royalties from C$28.50 to C$33.00 in a report on Monday, April 15th. Stifel Nicolaus boosted their price target on shares of Osisko Gold Royalties from C$27.00 to C$28.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. National Bankshares reduced their price target on shares of Osisko Gold Royalties from C$25.00 to C$23.00 and set an “outperform” rating on the stock in a research report on Thursday, February 22nd. TD Securities reduced their price target on shares of Osisko Gold Royalties from C$25.00 to C$23.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. Finally, Canaccord Genuity Group boosted their price target on shares of Osisko Gold Royalties from C$28.00 to C$30.00 in a research report on Tuesday. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$26.56.

Osisko Gold Royalties Price Performance

OR stock opened at C$21.54 on Thursday. Osisko Gold Royalties has a one year low of C$15.42 and a one year high of C$24.42. The company’s fifty day moving average price is C$21.15 and its 200-day moving average price is C$19.42. The company has a debt-to-equity ratio of 12.11, a quick ratio of 0.98 and a current ratio of 4.11. The company has a market capitalization of C$4.00 billion, a PE ratio of -82.85, a price-to-earnings-growth ratio of 1.31 and a beta of 0.79.

Osisko Gold Royalties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 15th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Wednesday, March 27th. Osisko Gold Royalties’s dividend payout ratio (DPR) is -92.31%.

Insider Buying and Selling at Osisko Gold Royalties

In other news, Senior Officer André Le Bel sold 10,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of C$21.44, for a total value of C$214,400.00. In other news, Senior Officer André Le Bel sold 10,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of C$21.44, for a total value of C$214,400.00. Also, Senior Officer Frédéric Ruel sold 16,100 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of C$21.92, for a total transaction of C$352,912.00. Insiders have sold 53,184 shares of company stock worth $1,158,088 over the last quarter. Insiders own 0.57% 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.