FY2024 Earnings Forecast for OR Issued By Raymond James

Osisko Gold Royalties Ltd (NYSE:OR) – Analysts at Raymond James lowered their FY2024 earnings per share (EPS) estimates for Osisko Gold Royalties in a research report issued to clients and investors on Tuesday, January 7th. Raymond James analyst B. Macarthur now forecasts that the basic materials company will post earnings per share of $0.48 for the year, down from their previous forecast of $0.49. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.48 per share.

Other analysts also recently issued research reports about the stock. TD Cowen downgraded shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Jefferies Financial Group lifted their price target on shares of Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Finally, TD Securities cut shares of Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th.

Osisko Gold Royalties Price Performance

OR stock opened at $18.65 on Friday. The firm has a market cap of $3.48 billion, a P/E ratio of -88.81 and a beta of 1.02. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40. Osisko Gold Royalties has a 1 year low of $12.77 and a 1 year high of $21.29. The stock has a 50-day simple moving average of $19.07 and a 200-day simple moving average of $18.28.

Osisko Gold Royalties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.048 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.19 annualized dividend and a dividend yield of 1.03%. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.05. Osisko Gold Royalties’s payout ratio is presently -90.48%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Millennium Management LLC increased its holdings in shares of Osisko Gold Royalties by 20.5% in the 2nd quarter. Millennium Management LLC now owns 6,587,348 shares of the basic materials company’s stock valued at $102,631,000 after acquiring an additional 1,122,653 shares during the last quarter. FMR LLC boosted its holdings in Osisko Gold Royalties by 1.9% in the third quarter. FMR LLC now owns 4,484,929 shares of the basic materials company’s stock worth $83,070,000 after purchasing an additional 83,799 shares during the period. Mackenzie Financial Corp increased its stake in Osisko Gold Royalties by 237.0% during the second quarter. Mackenzie Financial Corp now owns 1,977,895 shares of the basic materials company’s stock valued at $30,827,000 after purchasing an additional 1,391,005 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Osisko Gold Royalties by 5.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,527,110 shares of the basic materials company’s stock worth $28,316,000 after buying an additional 82,150 shares during the last quarter. Finally, Scheer Rowlett & Associates Investment Management Ltd. boosted its holdings in shares of Osisko Gold Royalties by 53.9% in the 3rd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 965,801 shares of the basic materials company’s stock valued at $17,886,000 after buying an additional 338,354 shares during the period. 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.