Raymond James Analysts Lower Earnings Estimates for Osisko Gold Royalties Ltd (NYSE:OR)

Osisko Gold Royalties Ltd (NYSE:OR) – Investment analysts at Raymond James reduced their Q3 2024 earnings per share estimates for Osisko Gold Royalties in a report released on Wednesday, October 9th. Raymond James analyst B. Macarthur now anticipates that the basic materials company will earn $0.10 per share for the quarter, down from their prior estimate of $0.12. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.48 per share. Raymond James also issued estimates for Osisko Gold Royalties’ FY2024 earnings at $0.50 EPS.

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

Several other research analysts have also commented on the company. TD Securities upgraded Osisko Gold Royalties to a “strong-buy” rating in a research report on Monday, July 22nd. Jefferies Financial Group lifted their price objective 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. Finally, Royal Bank of Canada dropped their target price on shares of Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th.

Osisko Gold Royalties Stock Up 1.4 %

Shares of Osisko Gold Royalties stock opened at $19.31 on Friday. The business has a 50-day moving average price of $17.63 and a 200 day moving average price of $16.83. Osisko Gold Royalties has a fifty-two week low of $11.51 and a fifty-two week high of $19.55. The firm has a market cap of $3.60 billion, a P/E ratio of -53.64 and a beta of 1.04. The company has a quick ratio of 4.92, a current ratio of 4.92 and a debt-to-equity ratio of 0.07.

Institutional Investors Weigh In On Osisko Gold Royalties

A number of hedge funds have recently added to or reduced their stakes in OR. EverSource Wealth Advisors LLC increased its holdings in shares of Osisko Gold Royalties by 125.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,645 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 916 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of Osisko Gold Royalties in the second quarter valued at approximately $71,000. Creekmur Asset Management LLC bought a new stake in shares of Osisko Gold Royalties during the fourth quarter valued at approximately $136,000. Squarepoint Ops LLC acquired a new position in shares of Osisko Gold Royalties during the second quarter worth approximately $211,000. Finally, Creekside Partners bought a new position in Osisko Gold Royalties in the 2nd quarter worth approximately $229,000. 68.52% of the stock is currently owned by institutional investors.

Osisko Gold Royalties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.047 per share. This represents a $0.19 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Monday, September 30th. Osisko Gold Royalties’s 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.