Osisko Gold Royalties Ltd to Post Q1 2024 Earnings of $0.17 Per Share, Cormark Forecasts (TSE:OR)

Osisko Gold Royalties Ltd (TSE:OR) – Cormark issued their Q1 2024 earnings estimates for Osisko Gold Royalties in a research note issued to investors on Monday, April 22nd. Cormark analyst N. Dion anticipates that the company will earn $0.17 per share for the quarter. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.55 per share.

Osisko Gold Royalties (TSE:OR) last issued its earnings results on Tuesday, February 20th. The company reported C$0.16 EPS for the quarter, beating the consensus estimate of C$0.15 by C$0.01. Osisko Gold Royalties had a negative net margin of 19.55% and a negative return on equity of 2.85%. The firm had revenue of C$65.16 million during the quarter.

Several other brokerages also recently issued reports on OR. Raymond James increased their price objective on shares of Osisko Gold Royalties from C$26.00 to C$28.00 in a research report on Tuesday. TD Securities decreased their target price on shares of Osisko Gold Royalties from C$25.00 to C$23.00 and set a “buy” rating for the company in a research report on Friday, February 23rd. Stifel Nicolaus raised their target price on shares of Osisko Gold Royalties from C$27.00 to C$28.00 and gave the company a “buy” rating in a research report on Friday, April 19th. National Bankshares decreased their target price on shares of Osisko Gold Royalties from C$25.00 to C$23.00 and set an “outperform” rating for the company in a research report on Thursday, February 22nd. Finally, CIBC raised their target price on shares of Osisko Gold Royalties from C$28.50 to C$33.00 in a research report on Monday, April 15th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$26.56.

Osisko Gold Royalties Stock Up 1.9 %

Shares of OR stock opened at C$21.55 on Tuesday. The firm has a fifty day moving average of C$21.10 and a 200-day moving average of C$19.40. The company has a quick ratio of 0.98, a current ratio of 4.11 and a debt-to-equity ratio of 12.11. Osisko Gold Royalties has a 12-month low of C$15.42 and a 12-month high of C$24.42. The company has a market capitalization of C$4.00 billion, a price-to-earnings ratio of -82.88, a P/E/G ratio of 1.31 and a beta of 0.79.

Osisko Gold Royalties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 15th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Wednesday, March 27th. Osisko Gold Royalties’s dividend payout ratio is presently -92.31%.

Insider Transactions at Osisko Gold Royalties

In other news, Senior Officer Guy Desharnais sold 7,484 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$21.10, for a total transaction of C$157,912.40. In other Osisko Gold Royalties news, Senior Officer Iain Wesley Farmer sold 19,600 shares of Osisko Gold Royalties stock in a transaction dated Monday, March 11th. The shares were sold at an average price of C$22.08, for a total value of C$432,864.04. Also, Senior Officer Guy Desharnais sold 7,484 shares of Osisko Gold Royalties stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$21.10, for a total transaction of C$157,912.40. In the last 90 days, insiders sold 53,184 shares of company stock worth $1,158,088. 0.57% of the stock is owned by insiders.

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.