Osisko Gold Royalties Ltd (NYSE:OR) Forecasted to Earn Q1 2024 Earnings of $0.12 Per Share

Osisko Gold Royalties Ltd (NYSE:OR) – Investment analysts at Cormark issued their Q1 2024 earnings per share (EPS) estimates for shares of Osisko Gold Royalties in a report released on Monday, April 22nd. Cormark analyst N. Dion forecasts that the basic materials company will earn $0.12 per share for the quarter. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.42 per share.

Separately, Jefferies Financial Group upped their price objective on Osisko Gold Royalties from $15.00 to $19.00 and gave the company a “hold” rating in a research note on Monday.

Osisko Gold Royalties Stock Down 4.2 %

OR opened at $15.44 on Tuesday. The business has a 50 day moving average price of $15.50 and a two-hundred day moving average price of $14.28. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.12. Osisko Gold Royalties has a 52 week low of $11.24 and a 52 week high of $17.96.

Osisko Gold Royalties (NYSE:OR) last posted its quarterly earnings data on Tuesday, February 20th. The basic materials company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. The firm had revenue of $47.87 million during the quarter. Osisko Gold Royalties had a positive return on equity of 6.78% and a negative net margin of 19.34%.

Hedge Funds Weigh In On Osisko Gold Royalties

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. PFG Investments LLC acquired a new position in Osisko Gold Royalties during the 1st quarter worth approximately $401,000. Addenda Capital Inc. increased its position 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 purchasing an additional 1,826 shares during the period. Global Assets Advisory LLC acquired a new position in Osisko Gold Royalties during the 1st quarter worth approximately $389,000. Vanguard Group Inc. increased its position in Osisko Gold Royalties by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 6,736,197 shares of the basic materials company’s stock worth $96,193,000 after purchasing an additional 41,380 shares during the period. Finally, Creekmur Asset Management LLC acquired a new position in Osisko Gold Royalties during the 4th quarter worth approximately $136,000. Institutional investors and hedge funds own 68.52% of the company’s stock.

Osisko Gold Royalties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.0444 per share. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.04. The ex-dividend date was Wednesday, March 27th. This represents a $0.18 annualized dividend and a yield of 1.15%. Osisko Gold Royalties’s payout ratio is presently -94.74%.

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.