Equities Analysts Set Expectations for OR FY2024 Earnings

Osisko Gold Royalties Ltd (NYSE:OR) – Analysts at Raymond James cut their FY2024 EPS estimates for Osisko Gold Royalties in a research report issued on Tuesday, January 7th. Raymond James analyst B. Macarthur now forecasts that the basic materials company will earn $0.48 per share for the year, down from their previous forecast of $0.49. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.48 per share.

Other research analysts also recently issued reports about the stock. TD Cowen downgraded shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a report on Monday, November 11th. TD Securities lowered Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, Jefferies Financial Group boosted their price objective on Osisko Gold Royalties from $19.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, October 4th.

Osisko Gold Royalties Price Performance

OR opened at $18.59 on Friday. The firm has a 50-day moving average price of $19.11 and a 200-day moving average price of $18.26. Osisko Gold Royalties has a twelve month low of $12.77 and a twelve month high of $21.29. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of -88.52 and a beta of 1.02.

Osisko Gold Royalties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.048 per share. This represents a $0.19 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Osisko Gold Royalties’s previous quarterly dividend of $0.05. Osisko Gold Royalties’s dividend payout ratio is -90.48%.

Hedge Funds Weigh In On Osisko Gold Royalties

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Moors & Cabot Inc. lifted its holdings in shares of Osisko Gold Royalties by 5.1% during the 2nd quarter. Moors & Cabot Inc. now owns 20,536 shares of the basic materials company’s stock worth $320,000 after acquiring an additional 1,000 shares during the last quarter. US Bancorp DE raised its position in Osisko Gold Royalties by 32.1% during the third quarter. US Bancorp DE now owns 10,629 shares of the basic materials company’s stock valued at $197,000 after purchasing an additional 2,584 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Osisko Gold Royalties during the third quarter worth about $58,000. U S Global Investors Inc. boosted its holdings in shares of Osisko Gold Royalties by 0.8% in the 3rd quarter. U S Global Investors Inc. now owns 437,796 shares of the basic materials company’s stock worth $8,104,000 after purchasing an additional 3,364 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in Osisko Gold Royalties by 9.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 39,178 shares of the basic materials company’s stock worth $610,000 after buying an additional 3,492 shares during the last quarter. 68.52% of the stock is currently owned by hedge funds and other institutional investors.

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.