Osisko Gold Royalties Ltd (TSE:OR) Expected to Post Q2 2024 Earnings of $0.18 Per Share

Osisko Gold Royalties Ltd (TSE:OR) – Research analysts at Cormark issued their Q2 2024 earnings per share estimates for Osisko Gold Royalties in a note issued to investors on Wednesday, July 24th. Cormark analyst N. Dion forecasts that the company will post earnings of $0.18 per share for the quarter. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.64 per share.

Osisko Gold Royalties (TSE:OR) last posted its earnings results on Wednesday, May 8th. The company reported C$0.16 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.15 by C$0.01. Osisko Gold Royalties had a negative return on equity of 3.15% and a negative net margin of 21.78%. The business had revenue of C$60.75 million during the quarter.

Several other analysts have also recently issued reports on the stock. Stifel Nicolaus increased their target price on shares of Osisko Gold Royalties from C$27.00 to C$28.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. National Bankshares lifted their price objective on Osisko Gold Royalties from C$26.00 to C$28.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. Raymond James upped their target price on Osisko Gold Royalties from C$26.00 to C$28.00 in a research note on Tuesday, April 23rd. Canaccord Genuity Group lifted their price target on Osisko Gold Royalties from C$30.00 to C$31.00 in a research report on Tuesday, July 23rd. Finally, Scotiabank upped their price objective on shares of Osisko Gold Royalties from C$24.00 to C$25.00 in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$28.38.

Osisko Gold Royalties Price Performance

OR stock opened at C$24.01 on Friday. The firm has a 50 day moving average of C$22.73 and a 200-day moving average of C$21.48. The firm has a market capitalization of C$4.47 billion, a P/E ratio of -82.79, a price-to-earnings-growth ratio of 1.31 and a beta of 0.82. Osisko Gold Royalties has a 12 month low of C$15.42 and a 12 month high of C$25.19. The company has a current ratio of 4.95, a quick ratio of 0.98 and a debt-to-equity ratio of 9.52.

Insider Buying and Selling

In other news, Director Victor Bradley sold 5,000 shares of the company’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of C$23.19, for a total value of C$115,950.00. In other news, Director Victor Bradley sold 5,000 shares of Osisko Gold Royalties stock in a transaction dated Friday, June 7th. The stock was sold at an average price of C$23.19, for a total value of C$115,950.00. Also, Senior Officer Frédéric Ruel sold 33,700 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of C$22.20, for a total value of C$748,140.00. Insiders sold 48,700 shares of company stock worth $1,087,670 in the last quarter. 0.38% of the stock is owned by insiders.

Osisko Gold Royalties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.08%. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Friday, June 28th. Osisko Gold Royalties’s dividend payout ratio (DPR) is currently -82.76%.

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.