FY2024 EPS Forecast for Osisko Gold Royalties Cut by Analyst

Osisko Gold Royalties Ltd (NYSE:OR) – Analysts at Stifel Canada lowered their FY2024 EPS estimates for Osisko Gold Royalties in a note issued to investors on Tuesday, February 4th. Stifel Canada analyst I. Rico now anticipates that the basic materials company will post earnings per share of $0.46 for the year, down from their prior estimate of $0.48. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.48 per share. Stifel Canada also issued estimates for Osisko Gold Royalties’ FY2025 earnings at $0.66 EPS and FY2026 earnings at $0.61 EPS.

OR has been the topic of a number of other research reports. TD Cowen lowered shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. TD Securities lowered shares of Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th.

Osisko Gold Royalties Stock Up 0.2 %

OR opened at $19.67 on Friday. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.05. Osisko Gold Royalties has a 12-month low of $12.77 and a 12-month high of $21.29. The firm’s fifty day moving average price is $18.80 and its 200 day moving average price is $18.58.

Hedge Funds Weigh In On Osisko Gold Royalties

Institutional investors have recently made changes to their positions in the stock. PFG Investments LLC lifted its holdings in shares of Osisko Gold Royalties by 2.2% in the 4th quarter. PFG Investments LLC now owns 24,796 shares of the basic materials company’s stock worth $449,000 after purchasing an additional 527 shares during the last quarter. Addenda Capital Inc. increased its position in Osisko Gold Royalties by 1.4% in the fourth quarter. Addenda Capital Inc. now owns 38,325 shares of the basic materials company’s stock worth $694,000 after buying an additional 532 shares during the period. Bank of New York Mellon Corp lifted its stake in Osisko Gold Royalties by 10.5% in the fourth quarter. Bank of New York Mellon Corp now owns 14,469 shares of the basic materials company’s stock valued at $262,000 after buying an additional 1,373 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Osisko Gold Royalties by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 348,043 shares of the basic materials company’s stock valued at $6,299,000 after acquiring an additional 1,502 shares during the period. Finally, Moors & Cabot Inc. grew its position in shares of Osisko Gold Royalties by 11.0% during the third quarter. Moors & Cabot Inc. now owns 22,801 shares of the basic materials company’s stock worth $422,000 after acquiring an additional 2,265 shares during the last quarter. 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.