Stifel Canada Has Positive Outlook for OR FY2024 Earnings

Osisko Gold Royalties Ltd (NYSE:OR) – Investment analysts at Stifel Canada increased their FY2024 earnings per share (EPS) estimates for Osisko Gold Royalties in a research note issued on Monday, October 21st. Stifel Canada analyst I. Rico now anticipates that the basic materials company will post earnings of $0.48 per share for the year, up from their prior forecast of $0.44. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.48 per share.

A number of other research firms have also commented on OR. Jefferies Financial Group lifted their target price on shares of Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Royal Bank of Canada decreased their price objective on 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, TD Securities raised Osisko Gold Royalties to a “strong-buy” rating in a research note on Monday, July 22nd.

Osisko Gold Royalties Trading Down 1.0 %

OR opened at $20.88 on Thursday. The firm has a 50 day simple moving average of $18.28 and a 200 day simple moving average of $17.08. Osisko Gold Royalties has a fifty-two week low of $11.89 and a fifty-two week high of $21.20. The company has a market cap of $3.89 billion, a price-to-earnings ratio of -58.00 and a beta of 1.04. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.92 and a quick ratio of 4.92.

Osisko Gold Royalties (NYSE:OR) last announced its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The firm 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%.

Institutional Trading of Osisko Gold Royalties

A number of large investors have recently made changes to their positions in OR. EverSource Wealth Advisors LLC grew its stake in Osisko Gold Royalties by 125.7% in the first quarter. EverSource Wealth Advisors LLC now owns 1,645 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 916 shares during the period. Point72 DIFC Ltd bought a new position in shares of Osisko Gold Royalties during the 2nd quarter valued at about $71,000. Squarepoint Ops LLC acquired a new position in shares of Osisko Gold Royalties in the 2nd quarter valued at approximately $211,000. Creekside Partners acquired a new position in shares of Osisko Gold Royalties in the 2nd quarter valued at approximately $229,000. Finally, International Assets Investment Management LLC bought a new stake in Osisko Gold Royalties during the 3rd quarter worth approximately $286,000. Institutional investors own 68.52% of the company’s stock.

Osisko Gold Royalties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.047 per share. The ex-dividend date was Monday, September 30th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 0.90%. Osisko Gold Royalties’s dividend payout ratio is -52.78%.

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.