FY2024 Earnings Forecast for TSE:OR Issued By Stifel Canada

Osisko Gold Royalties Ltd (TSE:OR) – Analysts at Stifel Canada lifted their FY2024 earnings per share estimates for Osisko Gold Royalties in a research report issued to clients and investors on Monday, October 21st. Stifel Canada analyst I. Rico now forecasts that the company will post earnings of $0.67 per share for the year, up from their prior estimate of $0.60. Stifel Canada also issued estimates for Osisko Gold Royalties’ FY2026 earnings at $0.93 EPS.

A number of other analysts have also recently weighed in on OR. Canaccord Genuity Group upped their price target on Osisko Gold Royalties from C$30.00 to C$31.00 in a research report on Tuesday, July 23rd. Jefferies Financial Group upgraded Osisko Gold Royalties from a “hold” rating to a “buy” rating in a research report on Friday, July 12th. Raymond James decreased their target price on Osisko Gold Royalties from C$27.50 to C$27.00 in a report on Monday, August 19th. Scotiabank increased their target price on Osisko Gold Royalties from C$25.00 to C$27.00 in a report on Monday, August 19th. Finally, CIBC increased their target price on Osisko Gold Royalties from C$33.00 to C$34.00 in a report on Wednesday, July 10th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$29.13.

Osisko Gold Royalties Stock Performance

Shares of TSE:OR opened at C$28.91 on Thursday. The business’s fifty day moving average price is C$24.69 and its two-hundred day moving average price is C$23.26. Osisko Gold Royalties has a fifty-two week low of C$16.32 and a fifty-two week high of C$29.30. The stock has a market capitalization of C$5.38 billion, a price-to-earnings ratio of -57.82, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90. The company has a debt-to-equity ratio of 7.00, a current ratio of 4.92 and a quick ratio of 0.98.

Osisko Gold Royalties (TSE:OR) last announced its quarterly earnings results on Tuesday, August 6th. The company reported C$0.18 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.17 by C$0.01. Osisko Gold Royalties had a negative return on equity of 5.46% and a negative net margin of 36.86%. The firm had revenue of C$64.85 million for the quarter.

Insider Buying and Selling at Osisko Gold Royalties

In other Osisko Gold Royalties news, Director Duncan Cornell Card sold 10,000 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of C$27.03, for a total value of C$270,331.00. In other Osisko Gold Royalties news, Director Duncan Cornell Card sold 10,000 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of C$27.03, for a total value of C$270,331.00. Also, Director Everard Trenton Richards sold 15,000 shares of the stock in a transaction dated Friday, August 9th. The stock was sold at an average price of C$22.19, for a total value of C$332,913.00. Over the last quarter, insiders have sold 35,000 shares of company stock valued at $851,244. 0.38% of the stock is currently owned by company insiders.

Osisko Gold Royalties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were paid a $0.065 dividend. This represents a $0.26 annualized dividend and a yield of 0.90%. The ex-dividend date was Friday, September 27th. Osisko Gold Royalties’s payout ratio is -52.00%.

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.