Raymond James Weighs in on Osisko Gold Royalties Ltd’s Q3 2024 Earnings (TSE:OR)

Osisko Gold Royalties Ltd (TSE:OR) – Raymond James lowered their Q3 2024 earnings estimates for Osisko Gold Royalties in a note issued to investors on Monday, September 30th. Raymond James analyst B. Macarthur now forecasts that the company will earn $0.16 per share for the quarter, down from their prior estimate of $0.17. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.81 per share. Raymond James also issued estimates for Osisko Gold Royalties’ FY2024 earnings at $0.69 EPS.

Osisko Gold Royalties (TSE:OR) last issued its earnings results on Tuesday, August 6th. The company reported C$0.18 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of C$64.85 million for the quarter.

Several other equities analysts have also commented on OR. National Bankshares increased their price objective on shares of Osisko Gold Royalties from C$26.00 to C$28.00 and gave the company an “outperform” rating in a research report on Wednesday, July 17th. Jefferies Financial Group raised shares of Osisko Gold Royalties from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. Canaccord Genuity Group increased their price objective on shares of Osisko Gold Royalties from C$30.00 to C$31.00 in a research report on Tuesday, July 23rd. TD Securities increased their price objective on shares of Osisko Gold Royalties from C$28.00 to C$29.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Finally, CIBC increased their price objective on shares of Osisko Gold Royalties from C$33.00 to C$34.00 in a research report on Wednesday, July 10th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$28.50.

Osisko Gold Royalties Stock Performance

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

Insider Activity at Osisko Gold Royalties

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

Osisko Gold Royalties Dividend Announcement

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

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.