Q2 2024 Earnings Forecast for Osisko Gold Royalties Ltd (NYSE:OR) Issued By National Bank Financial

Osisko Gold Royalties Ltd (NYSE:ORFree Report) – Analysts at National Bank Financial raised their Q2 2024 EPS estimates for shares of Osisko Gold Royalties in a research report issued to clients and investors on Thursday, May 9th. National Bank Financial analyst S. Nagle now forecasts that the basic materials company will post earnings of $0.12 per share for the quarter, up from their prior estimate of $0.10. The consensus estimate for Osisko Gold Royalties’ current full-year earnings is $0.46 per share. National Bank Financial also issued estimates for Osisko Gold Royalties’ Q3 2024 earnings at $0.14 EPS.

Osisko Gold Royalties (NYSE:ORGet Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The basic materials company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. The company had revenue of $47.87 million during the quarter. Osisko Gold Royalties had a positive return on equity of 6.69% and a negative net margin of 21.54%.

Separately, Jefferies Financial Group raised their target price on shares of Osisko Gold Royalties from $15.00 to $19.00 and gave the company a “hold” rating in a research note on Monday, April 22nd.

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Osisko Gold Royalties Stock Up 1.3 %

Shares of NYSE:OR opened at $16.34 on Monday. Osisko Gold Royalties has a one year low of $11.24 and a one year high of $17.57. The firm has a fifty day moving average price of $15.97 and a two-hundred day moving average price of $14.65. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.95 and a quick ratio of 4.11. The company has a market cap of $3.04 billion, a price-to-earnings ratio of -77.81 and a beta of 1.00.

Institutional Investors Weigh In On Osisko Gold Royalties

Institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James & Associates lifted its holdings in shares of Osisko Gold Royalties by 6.5% during the 4th quarter. Raymond James & Associates now owns 15,076 shares of the basic materials company’s stock valued at $215,000 after buying an additional 917 shares during the period. Bank of New York Mellon Corp grew its position in Osisko Gold Royalties by 7.0% during the third quarter. Bank of New York Mellon Corp now owns 20,763 shares of the basic materials company’s stock valued at $244,000 after buying an additional 1,356 shares during the period. FCA Corp TX raised its position in Osisko Gold Royalties by 3.5% in the third quarter. FCA Corp TX now owns 41,351 shares of the basic materials company’s stock worth $486,000 after acquiring an additional 1,384 shares during the period. Addenda Capital Inc. raised its holdings in Osisko Gold Royalties by 5.3% in 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. Finally, Commonwealth Equity Services LLC grew its stake in shares of Osisko Gold Royalties by 6.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 35,686 shares of the basic materials company’s stock valued at $586,000 after acquiring an additional 2,182 shares during the period. Institutional investors own 68.52% of the company’s stock.

Osisko Gold Royalties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $0.047 per share. The ex-dividend date is Friday, June 28th. This represents a $0.19 annualized dividend and a yield of 1.15%. This is a positive change from Osisko Gold Royalties’s previous quarterly dividend of $0.04. Osisko Gold Royalties’s payout ratio is presently -85.71%.

About Osisko Gold Royalties

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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.

See Also

Earnings History and Estimates for Osisko Gold Royalties (NYSE:OR)

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