Osisko Gold Royalties Ltd (NYSE:OR) to Post Q2 2024 Earnings of $0.13 Per Share, Cormark Forecasts

Osisko Gold Royalties Ltd (NYSE:OR) – Stock analysts at Cormark issued their Q2 2024 earnings estimates for Osisko Gold Royalties in a research report issued on Wednesday, July 24th. Cormark analyst N. Dion forecasts that the basic materials company will post earnings of $0.13 per share for the quarter. 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. TD Securities raised Osisko Gold Royalties to a “strong-buy” rating in a research report on Monday. Jefferies Financial Group raised Osisko Gold Royalties from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Friday, July 12th.

Osisko Gold Royalties Stock Performance

Osisko Gold Royalties stock opened at $17.09 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.95 and a current ratio of 4.95. Osisko Gold Royalties has a 1-year low of $11.24 and a 1-year high of $18.34. The firm’s fifty day simple moving average is $16.57 and its 200-day simple moving average is $15.73.

Osisko Gold Royalties (NYSE:OR) last issued its earnings results on Wednesday, May 8th. The basic materials company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. The company had revenue of $45.06 million for the quarter. Osisko Gold Royalties had a positive return on equity of 6.69% and a negative net margin of 21.54%.

Hedge Funds Weigh In On Osisko Gold Royalties

Several large investors have recently bought and sold shares of OR. Acuitas Investments LLC increased its holdings in shares of Osisko Gold Royalties by 15.2% during the 4th quarter. Acuitas Investments LLC now owns 251,390 shares of the basic materials company’s stock worth $3,590,000 after purchasing an additional 33,198 shares during the period. TD Asset Management Inc lifted its position in Osisko Gold Royalties by 38.6% in the fourth quarter. TD Asset Management Inc now owns 1,452,558 shares of the basic materials company’s stock worth $20,831,000 after purchasing an additional 404,297 shares during the period. Intact Investment Management Inc. increased its holdings in Osisko Gold Royalties by 14.7% in the 4th quarter. Intact Investment Management Inc. now owns 745,040 shares of the basic materials company’s stock valued at $10,633,000 after buying an additional 95,600 shares during the period. Sprott Inc. increased its stake in Osisko Gold Royalties by 10.4% in the fourth quarter. Sprott Inc. now owns 3,820,710 shares of the basic materials company’s stock valued at $54,558,000 after acquiring an additional 361,372 shares during the period. Finally, Van ECK Associates Corp lifted its stake in Osisko Gold Royalties by 1.0% during the fourth quarter. Van ECK Associates Corp now owns 20,266,313 shares of the basic materials company’s stock worth $289,402,000 after purchasing an additional 202,007 shares during the period. 68.52% of the stock is currently owned by institutional investors and hedge funds.

Osisko Gold Royalties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $0.047 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.19 dividend on an annualized basis and a yield of 1.10%. This is a positive change from Osisko Gold Royalties’s previous quarterly dividend of $0.04. Osisko Gold Royalties’s payout ratio is -90.48%.

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.