Osisko Gold Royalties Ltd Expected to Earn Q1 2024 Earnings of $0.17 Per Share (TSE:OR)

Osisko Gold Royalties Ltd (TSE:OR) – Equities researchers at Cormark issued their Q1 2024 earnings estimates for Osisko Gold Royalties in a research report issued to clients and investors on Monday, April 22nd. Cormark analyst N. Dion forecasts that the company will post earnings of $0.17 per share for the quarter. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.55 per share.

Other equities analysts have also issued reports about the stock. Canaccord Genuity Group upped their price target on shares of Osisko Gold Royalties from C$28.00 to C$30.00 in a research report on Tuesday. Stifel Nicolaus upped 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. TD Securities dropped their price target on shares of Osisko Gold Royalties from C$25.00 to C$23.00 and set a “buy” rating for the company in a research report on Friday, February 23rd. Raymond James upped their price target on shares of Osisko Gold Royalties from C$26.00 to C$28.00 in a research report on Tuesday. Finally, CIBC upped their price target on shares of Osisko Gold Royalties from C$28.50 to C$33.00 in a research report on Monday, April 15th. One research analyst has rated the stock with a hold rating and six have issued 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$26.56.

Osisko Gold Royalties Stock Performance

Shares of TSE OR opened at C$21.54 on Tuesday. The firm has a 50 day moving average of C$21.15 and a 200 day moving average of C$19.42. The company has a current ratio of 4.11, a quick ratio of 0.98 and a debt-to-equity ratio of 12.11. The firm has a market capitalization of C$4.00 billion, a price-to-earnings ratio of -82.85, a price-to-earnings-growth ratio of 1.31 and a beta of 0.79. Osisko Gold Royalties has a 12-month low of C$15.42 and a 12-month high of C$24.42.

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

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 of this dividend was Wednesday, March 27th. Osisko Gold Royalties’s dividend payout ratio (DPR) is -92.31%.

Insider Transactions at Osisko Gold Royalties

In other news, Senior Officer Guy Desharnais sold 7,484 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$21.10, for a total value of C$157,912.40. In other Osisko Gold Royalties news, Senior Officer Guy Desharnais sold 7,484 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$21.10, for a total transaction of C$157,912.40. Also, Senior Officer Frédéric Ruel sold 16,100 shares of the 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. Over the last ninety days, insiders have sold 53,184 shares of company stock worth $1,158,088. 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.