Raymond James Analysts Increase Earnings Estimates for Osisko Gold Royalties Ltd (TSE:OR)

Osisko Gold Royalties Ltd (TSE:OR) – Analysts at Raymond James raised their Q3 2024 EPS estimates for shares of Osisko Gold Royalties in a research note issued to investors on Tuesday, April 23rd. Raymond James analyst B. Macarthur now expects that the company will earn $0.19 per share for the quarter, up from their previous forecast of $0.15. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.55 per share.

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

A number of other brokerages also recently weighed in on OR. CIBC lifted their target price on shares of Osisko Gold Royalties from C$28.50 to C$33.00 in a research note on Monday, April 15th. Canaccord Genuity Group lifted their target price on shares of Osisko Gold Royalties from C$28.00 to C$30.00 in a research note on Tuesday. National Bankshares lowered their target price on shares of Osisko Gold Royalties from C$25.00 to C$23.00 and set an “outperform” rating for the company in a research note on Thursday, February 22nd. TD Securities lowered their target price on shares of Osisko Gold Royalties from C$25.00 to C$23.00 and set a “buy” rating for the company in a research note on Friday, February 23rd. Finally, Stifel Nicolaus lifted their target price on shares of Osisko Gold Royalties from C$27.00 to C$28.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Osisko Gold Royalties has a consensus rating of “Moderate Buy” and a consensus target price of C$26.56.

Osisko Gold Royalties Price Performance

OR stock opened at C$21.54 on Thursday. The company has a fifty day moving average price of C$21.15 and a 200-day moving average price of C$19.42. The company has a market capitalization of C$4.00 billion, a P/E ratio of -82.85, a PEG ratio of 1.31 and a beta of 0.79. Osisko Gold Royalties has a 52-week low of C$15.42 and a 52-week high of C$24.42. The company has a debt-to-equity ratio of 12.11, a quick ratio of 0.98 and a current ratio of 4.11.

Osisko Gold Royalties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 15th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Wednesday, March 27th. Osisko Gold Royalties’s payout ratio is -92.31%.

Insider Activity

In other Osisko Gold Royalties news, Director David Smith acquired 10,000 shares of Osisko Gold Royalties stock in a transaction dated Monday, February 26th. The stock was purchased at an average cost of C$18.98 per share, for a total transaction of C$189,800.00. In related news, Senior Officer Iain Wesley Farmer sold 19,600 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of C$22.08, for a total transaction of C$432,864.04. Also, Director David Smith purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were purchased at an average cost of C$18.98 per share, for a total transaction of C$189,800.00. Insiders sold 53,184 shares of company stock worth $1,158,088 over the last three months. 0.57% of the stock is currently owned by insiders.

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.