Raymond James Research Analysts Cut Earnings Estimates for Osisko Gold Royalties Ltd (NYSE:OR)

by · The Cerbat Gem

Osisko Gold Royalties Ltd (NYSE:OR – Free Report) – Analysts at Raymond James lowered their Q3 2024 earnings estimates for Osisko Gold Royalties in a research report issued to clients and investors on Monday, September 30th. Raymond James analyst B. Macarthur now expects that the basic materials company will post earnings per share of $0.12 for the quarter, down from their prior forecast of $0.13. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.48 per share. Raymond James also issued estimates for Osisko Gold Royalties’ FY2024 earnings at $0.51 EPS.

Osisko Gold Royalties (NYSE:OR – Get Free Report) last issued its earnings results on Tuesday, August 6th. The basic materials company reported $0.13 earnings per share for the quarter, beating 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.

A number of other equities analysts also recently weighed in on OR. Royal Bank of Canada lowered their target price on shares of Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. Jefferies Financial Group lifted their target price 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. Finally, TD Securities raised shares of Osisko Gold Royalties to a “strong-buy” rating in a research note on Monday, July 22nd.

View Our Latest Research Report on Osisko Gold Royalties

Osisko Gold Royalties Price Performance

Shares of NYSE:OR opened at $18.60 on Thursday. The firm has a market cap of $3.46 billion, a PE ratio of -88.57 and a beta of 1.03. The firm’s fifty day moving average is $17.52 and its 200-day moving average is $16.74. 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 $11.43 and a 52 week high of $19.03.

Osisko Gold Royalties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.047 dividend. This represents a $0.19 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Monday, September 30th. Osisko Gold Royalties’s dividend payout ratio (DPR) is currently -90.48%.

Institutional Investors Weigh In On Osisko Gold Royalties

Hedge funds and other institutional investors have recently made changes to their positions in the business. National Bank of Canada FI increased its position in shares of Osisko Gold Royalties by 3.2% during the first quarter. National Bank of Canada FI now owns 1,473,449 shares of the basic materials company’s stock worth $24,046,000 after acquiring an additional 45,866 shares in the last quarter. Price T Rowe Associates Inc. MD purchased a new position in Osisko Gold Royalties during the first quarter worth about $109,825,000. Sprott Inc. boosted its holdings in Osisko Gold Royalties by 10.4% during the fourth quarter. Sprott Inc. now owns 3,820,710 shares of the basic materials company’s stock worth $54,558,000 after purchasing an additional 361,372 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Osisko Gold Royalties by 12.9% during the second quarter. Renaissance Technologies LLC now owns 239,800 shares of the basic materials company’s stock worth $3,736,000 after purchasing an additional 27,400 shares during the last quarter. Finally, Creekmur Asset Management LLC purchased a new position in Osisko Gold Royalties during the fourth quarter worth about $136,000. 68.52% of the stock is owned by institutional investors.

About Osisko Gold Royalties

(Get Free Report)

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.

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