Cormark Predicts Osisko Gold Royalties’ Q3 Earnings (TSE:OR)

Osisko Gold Royalties Ltd (TSE:OR) – Cormark issued their Q3 2024 earnings per share (EPS) estimates for Osisko Gold Royalties in a report issued on Wednesday, October 23rd. Cormark analyst N. Dion forecasts that the company will post earnings of $0.17 per share for the quarter.

OR has been the topic of several other reports. Jefferies Financial Group upgraded shares of Osisko Gold Royalties from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. Stifel Nicolaus lifted their target price on Osisko Gold Royalties from C$29.00 to C$31.00 in a research report on Monday, October 21st. TD Securities upped their price target on Osisko Gold Royalties from C$27.00 to C$31.00 in a report on Friday, October 18th. Canaccord Genuity Group lifted their price objective on Osisko Gold Royalties from C$30.00 to C$31.00 in a report on Tuesday, July 23rd. Finally, CIBC upped their target price on Osisko Gold Royalties from C$33.00 to C$34.00 in a research note on Wednesday, July 10th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$29.13.

Osisko Gold Royalties Trading Up 0.7 %

Shares of Osisko Gold Royalties stock opened at C$28.80 on Friday. The company has a market cap of C$5.36 billion, a price-to-earnings ratio of -57.60, a PEG ratio of 1.31 and a beta of 0.90. Osisko Gold Royalties has a 1 year low of C$16.32 and a 1 year high of C$29.30. The company’s fifty day simple moving average is C$24.92 and its 200-day simple moving average is C$23.34. The company has a current ratio of 4.92, a quick ratio of 0.98 and a debt-to-equity ratio of 7.00.

Osisko Gold Royalties (TSE:OR) last issued its quarterly earnings results on Tuesday, August 6th. The company reported C$0.18 EPS for the quarter, topping the consensus estimate of C$0.17 by C$0.01. Osisko Gold Royalties had a negative return on equity of 5.46% and a negative net margin of 36.86%. The company had revenue of C$64.85 million for the quarter.

Insider Activity at Osisko Gold Royalties

In other Osisko Gold Royalties news, Senior Officer André Le Bel sold 10,000 shares of the stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$24.80, for a total transaction of C$248,000.00. In other Osisko Gold Royalties news, Senior Officer André Le Bel sold 10,000 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$24.80, for a total value of C$248,000.00. Also, Director Everard Trenton Richards sold 15,000 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of C$22.19, for a total transaction of C$332,913.00. Insiders have sold a total of 35,000 shares of company stock valued at $851,244 in the last 90 days. 0.38% of the stock is owned by corporate insiders.

Osisko Gold Royalties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were given a dividend of $0.065 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.26 annualized dividend and a dividend yield of 0.90%. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently -52.00%.

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.