Raymond James Weighs in on Osisko Gold Royalties Ltd’s Q1 2024 Earnings (TSE:OR)

Osisko Gold Royalties Ltd (TSE:OR) – Raymond James raised their Q1 2024 EPS estimates for Osisko Gold Royalties in a report released on Tuesday, April 23rd. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $0.14 per share for the quarter, up from their previous forecast of $0.11. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.55 per share. Raymond James also issued estimates for Osisko Gold Royalties’ Q2 2024 earnings at $0.15 EPS, Q4 2024 earnings at $0.20 EPS and FY2024 earnings at $0.69 EPS.

A number of other analysts have also recently commented on OR. 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 on the stock in a research note on Friday, February 23rd. Canaccord Genuity Group upped their price target on shares of Osisko Gold Royalties from C$28.00 to C$30.00 in a research note on Tuesday. CIBC upped their price target on shares of Osisko Gold Royalties from C$28.50 to C$33.00 in a research note on Monday, April 15th. Stifel Nicolaus increased 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 report on Friday, April 19th. Finally, National Bankshares decreased 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 report on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$26.56.

Osisko Gold Royalties Stock Up 1.1 %

OR opened at C$21.78 on Friday. The company has a quick ratio of 0.98, a current ratio of 4.11 and a debt-to-equity ratio of 12.11. The stock has a market cap of C$4.04 billion, a price-to-earnings ratio of -83.77, a PEG ratio of 1.31 and a beta of 0.79. Osisko Gold Royalties has a twelve month low of C$15.42 and a twelve month high of C$24.42. The company’s 50-day moving average price is C$21.20 and its two-hundred day moving average price is C$19.43.

Osisko Gold Royalties (TSE:OR) last issued its quarterly earnings data on Tuesday, February 20th. The company reported C$0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.15 by C$0.01. The business 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%.

Insider Transactions at Osisko Gold Royalties

In related news, Senior Officer André Le Bel sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 related news, Senior Officer Guy Desharnais sold 7,484 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$21.10, for a total value of C$157,912.40. Also, Senior Officer André Le Bel sold 10,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of C$21.44, for a total transaction of C$214,400.00. Insiders sold 53,184 shares of company stock worth $1,158,088 over the last three months. 0.57% of the stock is currently owned by company insiders.

Osisko Gold Royalties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 15th were paid a $0.06 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.10%. Osisko Gold Royalties’s dividend payout ratio is presently -92.31%.

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.