What is Stifel Canada’s Forecast for OR Q3 Earnings?

Osisko Gold Royalties Ltd (NYSE:OR) – Investment analysts at Stifel Canada issued their Q3 2024 earnings per share estimates for Osisko Gold Royalties in a report issued on Monday, October 21st. Stifel Canada analyst I. Rico forecasts that the basic materials company will earn $0.10 per share for the quarter. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.48 per share. Stifel Canada also issued estimates for Osisko Gold Royalties’ FY2025 earnings at $0.70 EPS and FY2026 earnings at $0.67 EPS.

Osisko Gold Royalties (NYSE:OR) last issued its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Osisko Gold Royalties had a negative net margin of 36.71% and a positive return on equity of 6.80%. The firm had revenue of $47.39 million for the quarter.

OR has been the topic of a number of other reports. TD Securities upgraded Osisko Gold Royalties to a “strong-buy” rating in a research report on Monday, July 22nd. Jefferies Financial Group lifted their price objective on Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Finally, Royal Bank of Canada cut their target price on shares of Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th.

Osisko Gold Royalties Price Performance

OR opened at $21.10 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.92 and a quick ratio of 4.92. The company’s 50 day simple moving average is $18.20 and its 200-day simple moving average is $17.06. Osisko Gold Royalties has a one year low of $11.89 and a one year high of $21.20. The stock has a market capitalization of $3.93 billion, a P/E ratio of -58.61 and a beta of 1.04.

Hedge Funds Weigh In On Osisko Gold Royalties

Several hedge funds have recently added to or reduced their stakes in OR. Vanguard Group Inc. increased its stake in Osisko Gold Royalties by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 6,736,197 shares of the basic materials company’s stock valued at $96,193,000 after purchasing an additional 41,380 shares in the last quarter. Global Assets Advisory LLC acquired a new stake in Osisko Gold Royalties during the 1st quarter worth $389,000. Addenda Capital Inc. raised its stake in Osisko Gold Royalties by 5.3% during the 1st 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. Principal Financial Group Inc. lifted its holdings in Osisko Gold Royalties by 10.9% during the first quarter. Principal Financial Group Inc. now owns 1,567,360 shares of the basic materials company’s stock worth $25,747,000 after acquiring an additional 154,610 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in Osisko Gold Royalties by 6.5% in the first quarter. Commonwealth Equity Services LLC now owns 35,686 shares of the basic materials company’s stock valued at $586,000 after acquiring an additional 2,182 shares during the period. Institutional investors and hedge funds own 68.52% of the company’s stock.

Osisko Gold Royalties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.047 per share. The ex-dividend date was Monday, September 30th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 0.89%. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently -52.78%.

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.