Osisko Gold Royalties Ltd (NYSE:OR) Forecasted to Earn Q2 2024 Earnings of $0.11 Per Share

Osisko Gold Royalties Ltd (NYSE:OR) – Research analysts at Raymond James increased their Q2 2024 earnings per share estimates for shares of Osisko Gold Royalties in a research report issued to clients and investors on Tuesday, April 23rd. Raymond James analyst B. Macarthur now expects that the basic materials company will post earnings of $0.11 per share for the quarter, up from their previous forecast of $0.10. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.43 per share. Raymond James also issued estimates for Osisko Gold Royalties’ Q4 2024 earnings at $0.15 EPS and FY2024 earnings at $0.50 EPS.

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

Osisko Gold Royalties Price Performance

Osisko Gold Royalties stock opened at $15.95 on Friday. Osisko Gold Royalties has a 1 year low of $11.24 and a 1 year high of $17.96. The company’s 50-day moving average is $15.60 and its two-hundred day moving average is $14.33. 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 data on Tuesday, February 20th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. The firm had revenue of $47.87 million for the quarter. Osisko Gold Royalties had a positive return on equity of 6.78% and a negative net margin of 19.34%.

Institutional Investors Weigh In On Osisko Gold Royalties

Institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC raised its position in Osisko Gold Royalties by 2.5% in the 3rd quarter. SG Americas Securities LLC now owns 46,276 shares of the basic materials company’s stock valued at $544,000 after buying an additional 1,108 shares during the last quarter. Lane Generational LLC raised its holdings in Osisko Gold Royalties by 0.8% during the third quarter. Lane Generational LLC now owns 302,061 shares of the basic materials company’s stock worth $3,549,000 after acquiring an additional 2,323 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Osisko Gold Royalties by 2.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 157,849 shares of the basic materials company’s stock valued at $1,855,000 after purchasing an additional 3,490 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Osisko Gold Royalties by 7.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 20,763 shares of the basic materials company’s stock worth $244,000 after purchasing an additional 1,356 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Osisko Gold Royalties by 13.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,975 shares of the basic materials company’s stock worth $460,000 after purchasing an additional 4,663 shares in the last quarter. 68.52% of the stock is owned by institutional investors.

Osisko Gold Royalties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.0444 dividend. This represents a $0.18 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Wednesday, March 27th. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.04. Osisko Gold Royalties’s dividend payout ratio is -94.74%.

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.