National Bank Financial Comments on Osisko Gold Royalties Ltd’s FY2024 Earnings (TSE:OR)

Osisko Gold Royalties Ltd (TSE:OR) – Analysts at National Bank Financial cut their FY2024 earnings estimates for Osisko Gold Royalties in a research report issued on Tuesday, July 16th. National Bank Financial analyst S. Nagle now expects that the company will post earnings per share of $0.69 for the year, down from their prior forecast of $0.70. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.64 per share.

Several other research analysts also recently issued reports on the stock. Canaccord Genuity Group boosted their price objective on shares of Osisko Gold Royalties from C$28.00 to C$30.00 in a report on Tuesday, April 23rd. Stifel Nicolaus upped their target price on shares of Osisko Gold Royalties from C$27.00 to C$28.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Jefferies Financial Group raised shares of Osisko Gold Royalties from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. National Bankshares lifted their price objective on Osisko Gold Royalties from C$26.00 to C$28.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, CIBC raised their target price on Osisko Gold Royalties from C$33.00 to C$34.00 in a research report on Wednesday, July 10th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$27.50.

Osisko Gold Royalties Stock Down 0.1 %

OR opened at C$24.81 on Friday. The business has a 50 day moving average of C$22.54 and a 200-day moving average of C$21.28. The stock has a market capitalization of C$4.61 billion, a price-to-earnings ratio of -85.55, a P/E/G ratio of 1.31 and a beta of 0.82. The company has a current ratio of 4.95, a quick ratio of 0.98 and a debt-to-equity ratio of 9.52. Osisko Gold Royalties has a 1-year low of C$15.42 and a 1-year high of C$25.19.

Osisko Gold Royalties (TSE:OR) last posted its earnings results on Wednesday, May 8th. The company reported C$0.16 earnings per share (EPS) for the quarter, beating 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 business had revenue of C$60.75 million for the quarter.

Osisko Gold Royalties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a dividend of $0.065 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.26 dividend on an annualized basis and a yield of 1.05%. This is a positive change from Osisko Gold Royalties’s previous quarterly dividend of $0.06. Osisko Gold Royalties’s dividend payout ratio is currently -82.76%.

Insider Buying and Selling at Osisko Gold Royalties

In other Osisko Gold Royalties news, Senior Officer Frédéric Ruel sold 33,700 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of C$22.20, for a total transaction of C$748,140.00. In other news, Director Victor Bradley sold 5,000 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of C$22.66, for a total value of C$113,309.00. Also, Senior Officer Frédéric Ruel sold 33,700 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of C$22.20, for a total value of C$748,140.00. In the last 90 days, insiders sold 48,700 shares of company stock worth $1,087,670. 0.38% of the stock is currently owned by corporate insiders.

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.