Cormark Analysts Lift Earnings Estimates for Osisko Gold Royalties Ltd (NYSE:OR)

Osisko Gold Royalties Ltd (NYSE:OR) – Investment analysts at Cormark lifted their FY2024 earnings per share (EPS) estimates for Osisko Gold Royalties in a research report issued on Tuesday, October 1st. Cormark analyst N. Dion now anticipates that the basic materials company will post earnings per share of $0.53 for the year, up from their prior forecast of $0.52. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.47 per share.

Osisko Gold Royalties (NYSE:OR) last released its earnings results on Tuesday, August 6th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. Osisko Gold Royalties had a negative net margin of 36.71% and a positive return on equity of 6.80%. The company had revenue of $47.39 million for the quarter.

Several other brokerages also recently weighed in on OR. Jefferies Financial Group upgraded Osisko Gold Royalties from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Friday, July 12th. TD Securities raised Osisko Gold Royalties to a “strong-buy” rating in a research report on Monday, July 22nd. Finally, Royal Bank of Canada reduced their target price on Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th.

Osisko Gold Royalties Stock Performance

NYSE:OR opened at $18.69 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.92 and a quick ratio of 4.92. The firm has a market cap of $3.48 billion, a PE ratio of -89.00 and a beta of 1.03. The firm has a 50 day simple moving average of $17.44 and a 200-day simple moving average of $16.69. Osisko Gold Royalties has a 1-year low of $11.24 and a 1-year high of $19.03.

Institutional Trading of Osisko Gold Royalties

Several institutional investors have recently made changes to their positions in OR. National Bank of Canada FI boosted its holdings in Osisko Gold Royalties by 3.2% in the first quarter. National Bank of Canada FI now owns 1,473,449 shares of the basic materials company’s stock valued at $24,046,000 after acquiring an additional 45,866 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new position in shares of Osisko Gold Royalties in the 1st quarter valued at about $109,825,000. Sprott Inc. grew its holdings in shares of Osisko Gold Royalties by 10.4% during the 4th quarter. Sprott Inc. now owns 3,820,710 shares of the basic materials company’s stock worth $54,558,000 after purchasing an additional 361,372 shares during the period. Renaissance Technologies LLC increased its position in Osisko Gold Royalties by 12.9% during the 2nd quarter. Renaissance Technologies LLC now owns 239,800 shares of the basic materials company’s stock worth $3,736,000 after purchasing an additional 27,400 shares in the last quarter. Finally, Creekmur Asset Management LLC purchased a new position in Osisko Gold Royalties in the fourth quarter valued at approximately $136,000. 68.52% of the stock is owned by hedge funds and other institutional investors.

Osisko Gold Royalties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.047 per share. This represents a $0.19 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Monday, September 30th. Osisko Gold Royalties’s dividend payout ratio is currently -90.48%.

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.