Research Analysts Offer Predictions for Osisko Gold Royalties Ltd’s FY2024 Earnings (NYSE:OR)

Osisko Gold Royalties Ltd (NYSE:OR) – Equities researchers at National Bank Financial decreased their FY2024 earnings per share (EPS) estimates for Osisko Gold Royalties in a note issued to investors on Wednesday, August 7th. National Bank Financial analyst S. Nagle now forecasts that the basic materials company will earn $0.48 per share for the year, down from their prior estimate of $0.50. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.48 per share.

A number of other brokerages have also recently weighed in on OR. Jefferies Financial Group raised Osisko Gold Royalties from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Friday, July 12th. TD Securities upgraded shares of Osisko Gold Royalties to a “strong-buy” rating in a research note on Monday, July 22nd.

Osisko Gold Royalties Price Performance

Shares of OR opened at $17.10 on Monday. The firm has a 50-day simple moving average of $16.69 and a two-hundred day simple moving average of $16.00. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.95 and a quick ratio of 4.95. Osisko Gold Royalties has a 1-year low of $11.24 and a 1-year high of $18.34. The stock has a market cap of $3.18 billion, a PE ratio of -81.40 and a beta of 1.01.

Institutional Investors Weigh In On Osisko Gold Royalties

Large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its holdings in Osisko Gold Royalties by 125.7% in the first quarter. EverSource Wealth Advisors LLC now owns 1,645 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 916 shares in the last quarter. Creekmur Asset Management LLC acquired a new stake in Osisko Gold Royalties in the fourth quarter valued at $136,000. HTLF Bank purchased a new stake in Osisko Gold Royalties during the 4th quarter worth about $162,000. International Assets Investment Management LLC acquired a new position in shares of Osisko Gold Royalties during the 4th quarter worth about $171,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in shares of Osisko Gold Royalties in the 4th quarter valued at about $177,000. Hedge funds and other institutional investors own 68.52% of the company’s stock.

Osisko Gold Royalties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.047 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.19 dividend on an annualized basis and a yield of 1.10%. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently -85.71%.

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.