Q1 2024 EPS Estimates for Osisko Gold Royalties Ltd Boosted by Analyst (TSE:OR)

Osisko Gold Royalties Ltd (TSE:OR) – Stock analysts at Raymond James boosted their Q1 2024 EPS estimates for shares of Osisko Gold Royalties in a note issued to investors on Tuesday, April 23rd. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of $0.14 for the quarter, up from their prior estimate of $0.11. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.55 per share. Raymond James also issued estimates for Osisko Gold Royalties’ Q2 2024 earnings at $0.15 EPS, Q4 2024 earnings at $0.20 EPS and FY2024 earnings at $0.69 EPS.

Osisko Gold Royalties (TSE:OR) last announced its earnings results on Tuesday, February 20th. The company reported C$0.16 EPS for the quarter, topping the consensus estimate of C$0.15 by C$0.01. The firm had revenue of C$65.16 million for the quarter. Osisko Gold Royalties had a negative net margin of 19.55% and a negative return on equity of 2.85%.

Other research analysts also recently issued research reports about the stock. National Bankshares dropped their target price on shares of Osisko Gold Royalties from C$25.00 to C$23.00 and set an “outperform” rating on the stock in a report on Thursday, February 22nd. Canaccord Genuity Group lifted their target price on shares of Osisko Gold Royalties from C$28.00 to C$30.00 in a report on Tuesday. CIBC raised their price target on shares of Osisko Gold Royalties from C$28.50 to C$33.00 in a research report on Monday, April 15th. TD Securities decreased their price target on shares of Osisko Gold Royalties from C$25.00 to C$23.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. Finally, Stifel Nicolaus raised their price target on shares of Osisko Gold Royalties from C$27.00 to C$28.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$26.56.

Osisko Gold Royalties Stock Performance

Shares of OR opened at C$21.93 on Friday. The company has a market capitalization of C$4.07 billion, a PE ratio of -84.35, a price-to-earnings-growth ratio of 1.31 and a beta of 0.79. Osisko Gold Royalties has a one year low of C$15.42 and a one year high of C$24.42. The company has a debt-to-equity ratio of 12.11, a current ratio of 4.11 and a quick ratio of 0.98. The company’s fifty day moving average price is C$21.26 and its 200 day moving average price is C$19.47.

Insider Activity

In other Osisko Gold Royalties news, Director David Smith bought 10,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were acquired at an average cost of C$18.98 per share, for a total transaction of C$189,800.00. In other Osisko Gold Royalties news, Senior Officer Guy Desharnais sold 7,484 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$21.10, for a total value of C$157,912.40. Also, Director David Smith purchased 10,000 shares of Osisko Gold Royalties stock in a transaction on Monday, February 26th. The stock was purchased at an average price of C$18.98 per share, for a total transaction of C$189,800.00. In the last three months, insiders have sold 53,184 shares of company stock worth $1,158,088. Corporate insiders own 0.57% of the company’s stock.

Osisko Gold Royalties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 15th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.24 annualized dividend and a dividend yield of 1.09%. Osisko Gold Royalties’s dividend payout ratio (DPR) is currently -92.31%.

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.