Brokers Set Expectations for OR Q3 Earnings

Osisko Gold Royalties Ltd (NYSE:OR) – Equities researchers at Stifel Canada issued their Q3 2024 earnings estimates for Osisko Gold Royalties in a research note issued on Monday, October 21st. Stifel Canada analyst I. Rico expects that the basic materials company will post earnings per share of $0.10 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.

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

Osisko Gold Royalties Stock Up 0.9 %

NYSE:OR opened at $21.10 on Wednesday. The company has a market cap of $3.93 billion, a PE ratio of -58.61 and a beta of 1.04. The stock has a 50-day simple moving average of $18.20 and a 200 day simple moving average of $17.06. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.92 and a current ratio of 4.92. Osisko Gold Royalties has a 52-week low of $11.89 and a 52-week high of $21.20.

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

Osisko Gold Royalties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.047 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.19 annualized dividend and a dividend yield of 0.89%. Osisko Gold Royalties’s dividend payout ratio is presently -52.78%.

Institutional Trading of Osisko Gold Royalties

Several institutional investors and hedge funds have recently added to or reduced their stakes in OR. EverSource Wealth Advisors LLC increased its position in Osisko Gold Royalties by 125.7% during the first quarter. EverSource Wealth Advisors LLC now owns 1,645 shares of the basic materials company’s stock worth $25,000 after buying an additional 916 shares during the last quarter. Point72 DIFC Ltd acquired a new position in shares of Osisko Gold Royalties during the 2nd quarter worth approximately $71,000. Squarepoint Ops LLC bought a new stake in Osisko Gold Royalties in the 2nd quarter valued at $211,000. Creekside Partners acquired a new stake in Osisko Gold Royalties during the 2nd quarter valued at $229,000. Finally, Corundum Trust Company INC bought a new position in Osisko Gold Royalties during the second quarter worth $249,000. 68.52% of the stock is owned by institutional investors.

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.