Q3 2024 EPS Estimates for Osisko Gold Royalties Ltd Reduced by Analyst (TSE:OR)

Osisko Gold Royalties Ltd (TSE:OR) – Equities researchers at National Bank Financial dropped their Q3 2024 EPS estimates for shares of Osisko Gold Royalties in a note issued to investors on Wednesday, August 7th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings of $0.14 per share for the quarter, down from their previous estimate of $0.19. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.64 per share. National Bank Financial also issued estimates for Osisko Gold Royalties’ Q4 2024 earnings at $0.18 EPS, FY2024 earnings at $0.66 EPS and FY2026 earnings at $0.86 EPS.

A number of other equities analysts have also recently issued reports on OR. Raymond James upped their target price on Osisko Gold Royalties from C$26.00 to C$28.00 in a report on Tuesday, April 23rd. Canaccord Genuity Group raised their price objective on shares of Osisko Gold Royalties from C$30.00 to C$31.00 in a report on Tuesday, July 23rd. Scotiabank lifted their target price on shares of Osisko Gold Royalties from C$24.00 to C$25.00 in a research report on Thursday, July 18th. Jefferies Financial Group upgraded shares of Osisko Gold Royalties from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. Finally, National Bankshares raised their price target on shares of Osisko Gold Royalties from C$26.00 to C$28.00 and gave the company an “outperform” rating in a research note on Wednesday, July 17th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$28.38.

Osisko Gold Royalties Stock Up 0.9 %

Shares of OR opened at C$22.38 on Friday. The stock has a market capitalization of C$4.16 billion, a price-to-earnings ratio of -77.17, a PEG ratio of 1.31 and a beta of 0.82. Osisko Gold Royalties has a 52 week low of C$15.42 and a 52 week high of C$25.19. The company has a debt-to-equity ratio of 9.52, a quick ratio of 0.98 and a current ratio of 4.95. The stock has a fifty day moving average of C$22.92 and a 200-day moving average of C$21.75.

Osisko Gold Royalties (TSE:OR) last posted its earnings results on Wednesday, May 8th. The company reported C$0.16 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.15 by C$0.01. Osisko Gold Royalties had a negative net margin of 21.78% and a negative return on equity of 3.15%. The firm had revenue of C$60.75 million for the quarter.

Insider Buying and Selling

In other news, Director Victor Bradley sold 5,000 shares of Osisko Gold Royalties stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of C$22.05, for a total value of C$110,270.50. In related news, Senior Officer Frédéric Ruel sold 33,700 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of C$22.20, for a total transaction of C$748,140.00. Also, Director Victor Bradley sold 5,000 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of C$22.05, for a total transaction of C$110,270.50. Insiders sold 48,700 shares of company stock valued at $1,087,670 over the last quarter. Insiders own 0.38% of the company’s stock.

Osisko Gold Royalties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.065 per share. This represents a $0.26 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Friday, September 27th. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently -82.76%.

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.