Raymond James Has Negative Outlook for OR FY2024 Earnings

Osisko Gold Royalties Ltd (NYSE:OR) – Research analysts at Raymond James lowered their FY2024 earnings per share estimates for shares of Osisko Gold Royalties in a research note issued to investors on Monday, October 28th. Raymond James analyst B. Macarthur now anticipates that the basic materials company will post earnings per share of $0.48 for the year, down from their previous estimate of $0.50. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.49 per share. Raymond James also issued estimates for Osisko Gold Royalties’ Q1 2025 earnings at $0.16 EPS and Q4 2025 earnings at $0.13 EPS.

OR has been the topic of a number of other research reports. TD Securities upgraded Osisko Gold Royalties to a “strong-buy” rating in a research report on Monday, July 22nd. Jefferies Financial Group upped their price target 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 decreased their price objective on shares of Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th.

Osisko Gold Royalties Price Performance

Osisko Gold Royalties stock opened at $21.04 on Tuesday. The firm has a market cap of $3.92 billion, a PE ratio of -58.43 and a beta of 1.04. 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 stock’s fifty day moving average price is $18.63 and its two-hundred day moving average price is $17.24. Osisko Gold Royalties has a one year low of $11.89 and a one year high of $21.29.

Osisko Gold Royalties (NYSE:OR) last posted its quarterly earnings data 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 firm had revenue of $47.39 million during the quarter.

Osisko Gold Royalties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.047 dividend. This represents a $0.19 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Monday, September 30th. Osisko Gold Royalties’s payout ratio is -52.78%.

Institutional Investors Weigh In On Osisko Gold Royalties

Hedge funds and other institutional investors have recently bought and sold shares of the company. National Bank of Canada FI raised its stake in shares of Osisko Gold Royalties by 3.2% during 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. Renaissance Technologies LLC increased its holdings in Osisko Gold Royalties by 12.9% in the second quarter. Renaissance Technologies LLC now owns 239,800 shares of the basic materials company’s stock valued at $3,736,000 after purchasing an additional 27,400 shares during the period. Price T Rowe Associates Inc. MD bought a new position in Osisko Gold Royalties during the 1st quarter worth $109,825,000. Mackenzie Financial Corp lifted its holdings in Osisko Gold Royalties by 237.0% during the 2nd quarter. Mackenzie Financial Corp now owns 1,977,895 shares of the basic materials company’s stock worth $30,827,000 after buying an additional 1,391,005 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of Osisko Gold Royalties by 81.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 274,253 shares of the basic materials company’s stock valued at $4,268,000 after buying an additional 122,827 shares during the last quarter. Institutional investors own 68.52% of the company’s stock.

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.