Equities Analysts Offer Predictions for OR FY2024 Earnings

Osisko Gold Royalties Ltd (NYSE:OR) – Equities researchers at Raymond James reduced their FY2024 earnings estimates for shares of Osisko Gold Royalties in a research report issued on Tuesday, January 7th. Raymond James analyst B. Macarthur now expects that the basic materials company will post earnings per share of $0.48 for the year, down from their previous estimate of $0.49. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.48 per share.

A number of other research analysts also recently weighed in on the company. TD Cowen downgraded Osisko Gold Royalties from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Jefferies Financial Group upped their price target on Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Finally, TD Securities downgraded Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th.

Osisko Gold Royalties Price Performance

Shares of NYSE OR opened at $18.59 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.40 and a quick ratio of 4.40. Osisko Gold Royalties has a 1 year low of $12.77 and a 1 year high of $21.29. The company’s 50-day moving average is $19.11 and its 200 day moving average is $18.26. The stock has a market capitalization of $3.47 billion, a P/E ratio of -88.52 and a beta of 1.02.

Osisko Gold Royalties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.048 per share. This represents a $0.19 annualized dividend and a dividend yield of 1.03%. This is a positive change from Osisko Gold Royalties’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Tuesday, December 31st. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently -90.48%.

Institutional Investors Weigh In On Osisko Gold Royalties

Several hedge funds have recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP bought a new position in shares of Osisko Gold Royalties during the third quarter valued at $58,000. Point72 DIFC Ltd purchased a new stake in Osisko Gold Royalties during the 2nd quarter valued at about $71,000. Icon Wealth Advisors LLC bought a new stake in Osisko Gold Royalties during the 3rd quarter valued at about $187,000. US Bancorp DE raised its holdings in Osisko Gold Royalties by 32.1% in the third quarter. US Bancorp DE now owns 10,629 shares of the basic materials company’s stock worth $197,000 after buying an additional 2,584 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of Osisko Gold Royalties in the second quarter worth approximately $211,000. 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.