What is Scotiabank’s Forecast for TSE:OR FY2024 Earnings?

Osisko Gold Royalties Ltd (TSE:OR) – Research analysts at Scotiabank lifted their FY2024 earnings per share (EPS) estimates for Osisko Gold Royalties in a research note issued on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now expects that the company will post earnings of $0.70 per share for the year, up from their previous forecast of $0.65.

A number of other brokerages have also recently weighed in on OR. National Bankshares increased their price target on shares of Osisko Gold Royalties from C$33.50 to C$35.00 and gave the stock an “outperform” rating in a research note on Thursday. TD Securities cut shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a report on Monday, November 11th. BMO Capital Markets raised their price target on Osisko Gold Royalties from C$27.00 to C$28.00 in a report on Thursday, November 7th. Stifel Nicolaus upped their price objective on Osisko Gold Royalties from C$29.00 to C$31.00 in a research note on Monday, October 21st. Finally, CIBC increased their price objective on Osisko Gold Royalties from C$36.00 to C$39.00 in a research report on Monday, December 2nd. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$31.13.

Osisko Gold Royalties Price Performance

OR stock opened at C$26.95 on Friday. The company has a current ratio of 4.92, a quick ratio of 0.98 and a debt-to-equity ratio of 7.00. The company has a market capitalization of C$5.02 billion, a P/E ratio of -53.90, a PEG ratio of 1.31 and a beta of 0.90. The business has a 50 day simple moving average of C$27.09 and a 200-day simple moving average of C$25.07. Osisko Gold Royalties has a twelve month low of C$17.41 and a twelve month high of C$29.57.

Osisko Gold Royalties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.065 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.26 annualized dividend and a yield of 0.96%. Osisko Gold Royalties’s dividend payout ratio is currently -52.00%.

Insider Activity at Osisko Gold Royalties

In other news, Director Duncan Cornell Card sold 10,000 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of C$27.03, for a total transaction of C$270,331.00. 0.38% of the stock is owned by insiders.

Osisko Gold Royalties Company Profile

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.