Raymond James Brokers Raise Earnings Estimates for Osisko Gold Royalties Ltd (NYSE:OR)

Osisko Gold Royalties Ltd (NYSE:OR) – Raymond James boosted their Q3 2024 earnings per share (EPS) estimates for Osisko Gold Royalties in a research note issued on Tuesday, April 23rd. Raymond James analyst B. Macarthur now anticipates that the basic materials company will earn $0.14 per share for the quarter, up from their prior forecast of $0.11. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.43 per share.

Osisko Gold Royalties (NYSE:OR) last posted its earnings results on Tuesday, February 20th. The basic materials company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The company had revenue of $47.87 million during the quarter. Osisko Gold Royalties had a negative net margin of 19.34% and a positive return on equity of 6.78%.

Separately, Jefferies Financial Group boosted their target price on Osisko Gold Royalties from $15.00 to $19.00 and gave the stock a “hold” rating in a research note on Monday.

Osisko Gold Royalties Stock Down 0.3 %

Shares of OR stock opened at $15.73 on Thursday. Osisko Gold Royalties has a 1-year low of $11.24 and a 1-year high of $17.96. The stock’s fifty day moving average price is $15.57 and its 200 day moving average price is $14.32. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a $0.0444 dividend. This represents a $0.18 annualized dividend and a yield of 1.13%. This is a positive change from Osisko Gold Royalties’s previous quarterly dividend of $0.04. The ex-dividend date was Wednesday, March 27th. Osisko Gold Royalties’s dividend payout ratio is presently -94.74%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in OR. PFG Investments LLC purchased a new position in shares of Osisko Gold Royalties during the first quarter worth $401,000. Addenda Capital Inc. boosted its position in shares of Osisko Gold Royalties by 5.3% during the first quarter. Addenda Capital Inc. now owns 36,569 shares of the basic materials company’s stock worth $600,000 after buying an additional 1,826 shares during the period. Global Assets Advisory LLC purchased a new position in shares of Osisko Gold Royalties during the first quarter worth $389,000. Vanguard Group Inc. boosted its position in shares of Osisko Gold Royalties by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 6,736,197 shares of the basic materials company’s stock worth $96,193,000 after buying an additional 41,380 shares during the period. Finally, Creekmur Asset Management LLC purchased a new position in shares of Osisko Gold Royalties during the fourth quarter worth $136,000. 68.52% of the stock is currently owned by hedge funds and other institutional investors.

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.