Q3 2024 Earnings Forecast for Osisko Gold Royalties Ltd (NYSE:OR) Issued By Raymond James

Osisko Gold Royalties Ltd (NYSE:OR) – Research analysts at Raymond James boosted their Q3 2024 earnings per share estimates for shares of Osisko Gold Royalties in a report released on Tuesday, April 23rd. Raymond James analyst B. Macarthur now expects that the basic materials company will earn $0.14 per share for the quarter, up from their previous forecast of $0.11. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.43 per share.

Separately, Jefferies Financial Group increased 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, April 22nd.

Osisko Gold Royalties Stock Up 0.7 %

OR stock opened at $16.05 on Thursday. The company has a market cap of $2.98 billion, a P/E ratio of -84.45 and a beta of 0.99. Osisko Gold Royalties has a fifty-two week low of $11.24 and a fifty-two week high of $17.96. The stock’s 50 day simple moving average is $15.64 and its 200 day simple moving average is $14.36. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.11 and a current ratio of 4.11.

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

Osisko Gold Royalties Increases Dividend

The company also recently disclosed 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. This represents a $0.18 annualized dividend and a yield of 1.11%. This is a positive change from Osisko Gold Royalties’s previous quarterly dividend of $0.04. The ex-dividend date was Wednesday, March 27th. Osisko Gold Royalties’s dividend payout ratio is -94.74%.

Hedge Funds Weigh In On Osisko Gold Royalties

A number of large investors have recently made changes to their positions in OR. Acuitas Investments LLC raised its position in shares of Osisko Gold Royalties by 15.2% in the fourth quarter. Acuitas Investments LLC now owns 251,390 shares of the basic materials company’s stock worth $3,590,000 after buying an additional 33,198 shares in the last quarter. Heartland Advisors Inc. grew its stake in shares of Osisko Gold Royalties by 19.6% in the 3rd quarter. Heartland Advisors Inc. now owns 478,200 shares of the basic materials company’s stock worth $5,619,000 after buying an additional 78,200 shares during the last quarter. Sprott Inc. lifted its position in Osisko Gold Royalties by 2.7% in the 3rd quarter. Sprott Inc. now owns 3,459,338 shares of the basic materials company’s stock valued at $40,440,000 after acquiring an additional 90,292 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Osisko Gold Royalties by 4.2% during the 3rd quarter. Van ECK Associates Corp now owns 20,064,306 shares of the basic materials company’s stock valued at $235,755,000 after buying an additional 810,979 shares during the period. Finally, Versor Investments LP bought a new position in Osisko Gold Royalties in the 3rd quarter worth $495,000. 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.