Equities Analysts Issue Forecasts for Osisko Gold Royalties Ltd's Q3 2024 Earnings (NYSE:OR)

Osisko Gold Royalties Ltd (NYSE:OR - Free Report) - Equities researchers at Raymond James increased their Q3 2024 EPS estimates for Osisko Gold Royalties in a report issued on Tuesday, April 23rd. Raymond James analyst B. Macarthur now forecasts that the basic materials company will earn $0.14 per share for the quarter, up from their prior estimate of $0.11. The consensus estimate for Osisko Gold Royalties' current full-year earnings is $0.43 per share.

Separately, Jefferies Financial Group increased their target price on shares of Osisko Gold Royalties from $15.00 to $19.00 and gave the stock a "hold" rating in a research report on Monday.

Osisko Gold Royalties Stock Up 1.3 %

Shares of OR traded up $0.20 during trading hours on Thursday, reaching $15.94. The company's stock had a trading volume of 579,861 shares, compared to its average volume of 881,756. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.12. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of -83.37 and a beta of 0.99. The company has a 50 day moving average of $15.57 and a two-hundred day moving average of $14.32. Osisko Gold Royalties has a 1-year low of $11.24 and a 1-year high of $17.96.

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

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 paid a $0.0444 dividend. The ex-dividend date was Wednesday, March 27th. This is a boost from Osisko Gold Royalties's previous quarterly dividend of $0.04. This represents a $0.18 dividend on an annualized basis and a yield of 1.11%. Osisko Gold Royalties's payout ratio is -94.74%.

Hedge Funds Weigh In On Osisko Gold Royalties

Hedge funds have recently bought and sold shares of the business. Acuitas Investments LLC raised its position in shares of Osisko Gold Royalties by 15.2% in the fourth quarter. Acuitas Investments LLC now owns 251,390 shares of the basic materials company's stock valued at $3,590,000 after purchasing an additional 33,198 shares during the period. Heartland Advisors Inc. raised its holdings in Osisko Gold Royalties by 19.6% in the 3rd quarter. Heartland Advisors Inc. now owns 478,200 shares of the basic materials company's stock worth $5,619,000 after acquiring an additional 78,200 shares during the period. Sprott Inc. lifted its position in Osisko Gold Royalties by 2.7% during the 3rd quarter. Sprott Inc. now owns 3,459,338 shares of the basic materials company's stock worth $40,440,000 after acquiring an additional 90,292 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Osisko Gold Royalties by 4.2% during the third quarter. Van ECK Associates Corp now owns 20,064,306 shares of the basic materials company's stock valued at $235,755,000 after acquiring an additional 810,979 shares during the period. Finally, Versor Investments LP bought a new position in shares of Osisko Gold Royalties in the third quarter worth about $495,000. 68.52% of the stock is owned by institutional investors and hedge funds.

About Osisko Gold Royalties

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.