Osisko Gold Royalties Ltd (NYSE:OR) Expected to Post Q1 2024 Earnings of $0.12 Per Share

Osisko Gold Royalties Ltd (NYSE:OR) – Research analysts at Cormark issued their Q1 2024 earnings per share (EPS) estimates for shares of Osisko Gold Royalties in a report issued on Monday, April 22nd. Cormark analyst N. Dion expects that the basic materials company will earn $0.12 per share for the quarter. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.42 per share.

Separately, Jefferies Financial Group upped their price objective on Osisko Gold Royalties from $15.00 to $19.00 and gave the stock a “hold” rating in a research note on Monday.

Osisko Gold Royalties Trading Up 2.1 %

NYSE:OR opened at $15.77 on Tuesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.11 and a quick ratio of 4.11. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of -83.00 and a beta of 0.99. Osisko Gold Royalties has a one year low of $11.24 and a one year high of $17.96. The business has a fifty day moving average price of $15.54 and a 200-day moving average price of $14.31.

Osisko Gold Royalties (NYSE:OR) last posted its quarterly earnings data on Tuesday, February 20th. The basic materials company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. The firm had revenue of $47.87 million during the quarter. Osisko Gold Royalties had a positive return on equity of 6.78% and a negative net margin of 19.34%.

Osisko Gold Royalties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.0444 per share. The ex-dividend date was Wednesday, March 27th. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.04. This represents a $0.18 dividend on an annualized basis and a yield of 1.13%. Osisko Gold Royalties’s dividend payout ratio (DPR) is currently -94.74%.

Institutional Investors Weigh In On Osisko Gold Royalties

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James & Associates raised its holdings in Osisko Gold Royalties by 6.5% during the fourth quarter. Raymond James & Associates now owns 15,076 shares of the basic materials company’s stock valued at $215,000 after acquiring an additional 917 shares during the period. SG Americas Securities LLC raised its holdings in Osisko Gold Royalties by 2.5% during the third quarter. SG Americas Securities LLC now owns 46,276 shares of the basic materials company’s stock valued at $544,000 after acquiring an additional 1,108 shares during the period. Bank of New York Mellon Corp raised its holdings in Osisko Gold Royalties by 7.0% during the third quarter. Bank of New York Mellon Corp now owns 20,763 shares of the basic materials company’s stock valued at $244,000 after acquiring an additional 1,356 shares during the period. FCA Corp TX raised its holdings in Osisko Gold Royalties by 3.5% during the third quarter. FCA Corp TX now owns 41,351 shares of the basic materials company’s stock valued at $486,000 after acquiring an additional 1,384 shares during the period. Finally, Addenda Capital Inc. raised its holdings in Osisko Gold Royalties by 5.3% during the first quarter. Addenda Capital Inc. now owns 36,569 shares of the basic materials company’s stock valued at $600,000 after acquiring an additional 1,826 shares during the period. 68.52% of the stock is owned by institutional investors.

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.