Cormark Weighs in on Osisko Gold Royalties Ltd’s FY2024 Earnings (TSE:OR)

Osisko Gold Royalties Ltd (TSE:OR) – Cormark cut their FY2024 earnings per share (EPS) estimates for shares of Osisko Gold Royalties in a research note issued to investors on Tuesday, October 1st. Cormark analyst N. Dion now forecasts that the company will post earnings per share of $0.71 for the year, down from their previous estimate of $0.72. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.81 per share.

Osisko Gold Royalties (TSE:OR) last announced its quarterly earnings results on Tuesday, August 6th. The company reported C$0.18 EPS for the quarter, topping analysts’ consensus estimates of C$0.17 by C$0.01. Osisko Gold Royalties had a negative net margin of 36.86% and a negative return on equity of 5.46%. The firm had revenue of C$64.85 million during the quarter.

Several other analysts have also recently commented on OR. Raymond James decreased their price target on shares of Osisko Gold Royalties from C$27.50 to C$27.00 in a research note on Monday, August 19th. CIBC increased their price target on Osisko Gold Royalties from C$33.00 to C$34.00 in a report on Wednesday, July 10th. Canaccord Genuity Group increased their target price on Osisko Gold Royalties from C$30.00 to C$31.00 in a report on Tuesday, July 23rd. Jefferies Financial Group upgraded shares of Osisko Gold Royalties from a “hold” rating to a “buy” rating in a report on Friday, July 12th. Finally, National Bankshares increased 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, July 17th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Osisko Gold Royalties presently has an average rating of “Moderate Buy” and an average target price of C$28.50.

Osisko Gold Royalties Price Performance

Osisko Gold Royalties has a 1 year low of C$15.72 and a 1 year high of C$25.79. The firm has a market cap of C$4.70 billion, a PE ratio of -51.16, a P/E/G ratio of 1.31 and a beta of 0.89. The company has a quick ratio of 0.98, a current ratio of 4.92 and a debt-to-equity ratio of 7.00. The stock’s 50-day moving average price is C$23.80 and its 200-day moving average price is C$22.80.

Insider Activity

In other Osisko Gold Royalties news, Director Everard Trenton Richards sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of C$22.19, for a total transaction of C$332,913.00. In other news, Director Everard Trenton Richards sold 15,000 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of C$22.19, for a total transaction of C$332,913.00. Also, Senior Officer André Le Bel sold 10,000 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$24.80, for a total value of C$248,000.00. 0.38% of the stock is owned by company insiders.

Osisko Gold Royalties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date is Friday, September 27th. Osisko Gold Royalties’s dividend payout ratio is currently -52.00%.

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.