Osisko Gold Royalties Ltd (NYSE:OR - Free Report) - Equities researchers at Raymond James upped their Q2 2024 earnings per share estimates for Osisko Gold Royalties in a note issued to investors on Tuesday, April 23rd. Raymond James analyst B. Macarthur now expects that the basic materials company will post earnings per share of $0.11 for the quarter, up from their prior forecast of $0.10. The consensus estimate for Osisko Gold Royalties' current full-year earnings is $0.43 per share. Raymond James also issued estimates for Osisko Gold Royalties' Q4 2024 earnings at $0.15 EPS and FY2024 earnings at $0.50 EPS.
Osisko Gold Royalties (NYSE:OR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 20th. The basic materials company reported $0.12 earnings per share for the quarter, topping 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 during the quarter.
Separately, Jefferies Financial Group boosted their price objective on Osisko Gold Royalties from $15.00 to $19.00 and gave the company a "hold" rating in a research report on Monday.
Get Our Latest Stock Analysis on Osisko Gold Royalties
Osisko Gold Royalties Trading Up 0.7 %
Shares of NYSE OR traded up $0.11 during midday trading on Friday, reaching $16.05. The company had a trading volume of 401,883 shares, compared to its average volume of 875,831. The stock has a market cap of $2.98 billion, a PE ratio of -84.45 and a beta of 0.99. Osisko Gold Royalties has a one year low of $11.24 and a one year high of $17.96. The firm's fifty day moving average price is $15.64 and its 200-day moving average price is $14.36. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.12.
Hedge Funds Weigh In On Osisko Gold Royalties
Hedge funds and other institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp increased its position in Osisko Gold Royalties by 1.0% during the 4th quarter. Van ECK Associates Corp now owns 20,266,313 shares of the basic materials company's stock valued at $289,402,000 after purchasing an additional 202,007 shares during the period. Vanguard Group Inc. increased its position 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 valued at $96,193,000 after buying an additional 41,380 shares during the period. Sprott Inc. raised its stake in Osisko Gold Royalties by 10.4% in the fourth quarter. Sprott Inc. now owns 3,820,710 shares of the basic materials company's stock worth $54,558,000 after buying an additional 361,372 shares in the last quarter. Invesco Ltd. lifted its holdings in Osisko Gold Royalties by 0.3% in the third quarter. Invesco Ltd. now owns 2,419,550 shares of the basic materials company's stock worth $28,430,000 after buying an additional 6,979 shares during the period. Finally, TD Asset Management Inc boosted its position in Osisko Gold Royalties by 38.6% during the 4th quarter. TD Asset Management Inc now owns 1,452,558 shares of the basic materials company's stock valued at $20,831,000 after acquiring an additional 404,297 shares in the last quarter. Institutional investors own 68.52% of the company's stock.
Osisko Gold Royalties Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.0444 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.18 annualized dividend and a yield of 1.11%. This is a boost from Osisko Gold Royalties's previous quarterly dividend of $0.04. Osisko Gold Royalties's dividend payout ratio (DPR) is -94.74%.
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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