Osisko Gold Royalties Ltd (NYSE:OR - Free Report) - Investment analysts at Cormark issued their Q1 2024 earnings estimates for shares of Osisko Gold Royalties in a research report issued on Monday, April 22nd. Cormark analyst N. Dion forecasts that the basic materials company will post earnings per share of $0.12 for the quarter. The consensus estimate for Osisko Gold Royalties' current full-year earnings is $0.42 per share.
Osisko Gold Royalties (NYSE:OR - Get Free Report) last issued its 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. Osisko Gold Royalties had a negative net margin of 19.34% and a positive return on equity of 6.78%. The business had revenue of $47.87 million for the quarter.
Separately, Jefferies Financial Group lifted their price target on shares of Osisko Gold Royalties from $15.00 to $19.00 and gave the company a "hold" rating in a report on Monday.
Check Out Our Latest Stock Report on Osisko Gold Royalties
Osisko Gold Royalties Price Performance
Shares of Osisko Gold Royalties stock traded up $0.33 during trading on Tuesday, hitting $15.77. 686,042 shares of the company's stock traded hands, compared to its average volume of 891,196. Osisko Gold Royalties has a twelve month low of $11.24 and a twelve month high of $17.96. The company has a market cap of $2.93 billion, a PE ratio of -82.21 and a beta of 0.99. The firm's fifty day moving average price is $15.50 and its 200 day moving average price is $14.28. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.11 and a quick ratio of 4.11.
Osisko Gold Royalties Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.0444 dividend. The ex-dividend date was Wednesday, March 27th. This is an increase from Osisko Gold Royalties's previous quarterly dividend of $0.04. This represents a $0.18 dividend on an annualized basis and a dividend yield of 1.13%. Osisko Gold Royalties's payout ratio is currently -94.74%.
Hedge Funds Weigh In On Osisko Gold Royalties
A number of institutional investors have recently modified their holdings of the stock. PFG Investments LLC bought a new position in shares of Osisko Gold Royalties in the first quarter worth about $401,000. Addenda Capital Inc. raised its stake in shares of Osisko Gold Royalties by 5.3% in the first quarter. Addenda Capital Inc. now owns 36,569 shares of the basic materials company's stock worth $600,000 after acquiring an additional 1,826 shares during the last quarter. Global Assets Advisory LLC bought a new stake in shares of Osisko Gold Royalties during the first quarter worth approximately $389,000. Vanguard Group Inc. raised its stake in shares of Osisko Gold Royalties by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 6,736,197 shares of the basic materials company's stock worth $96,193,000 after buying an additional 41,380 shares during the last quarter. Finally, Creekmur Asset Management LLC bought a new stake in shares of Osisko Gold Royalties during the fourth quarter worth approximately $136,000. 68.52% of the stock is owned by institutional investors.
Osisko Gold Royalties Company Profile
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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.
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