Osisko Gold Royalties Ltd (TSE:OR - Free Report) - Investment analysts at Raymond James boosted their Q3 2024 earnings estimates for shares of Osisko Gold Royalties in a research report issued to clients and investors on Tuesday, April 23rd. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $0.19 per share for the quarter, up from their previous forecast of $0.15. The consensus estimate for Osisko Gold Royalties' current full-year earnings is $0.55 per share.
Osisko Gold Royalties (TSE:OR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The company reported C$0.16 EPS for the quarter, topping analysts' consensus estimates of C$0.15 by C$0.01. The company had revenue of C$65.16 million for the quarter. Osisko Gold Royalties had a negative return on equity of 2.85% and a negative net margin of 19.55%.
A number of other analysts have also commented on OR. Stifel Nicolaus boosted their price objective on shares of Osisko Gold Royalties from C$27.00 to C$28.00 and gave the stock a "buy" rating in a research report on Friday, April 19th. CIBC lifted their target price on Osisko Gold Royalties from C$28.50 to C$33.00 in a research report on Monday, April 15th. National Bankshares reduced their price target on Osisko Gold Royalties from C$25.00 to C$23.00 and set an "outperform" rating for the company in a research report on Thursday, February 22nd. Canaccord Genuity Group lifted their price objective on shares of Osisko Gold Royalties from C$28.00 to C$30.00 in a research report on Tuesday. Finally, TD Securities dropped their price target on Osisko Gold Royalties from C$25.00 to C$23.00 and set a "buy" rating on the stock in a research note on Friday, February 23rd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of C$26.56.
Check Out Our Latest Report on Osisko Gold Royalties
Osisko Gold Royalties Trading Up 1.1 %
Shares of Osisko Gold Royalties stock traded up C$0.24 during trading on Thursday, reaching C$21.78. 221,220 shares of the company were exchanged, compared to its average volume of 306,929. The firm has a market capitalization of C$4.04 billion, a price-to-earnings ratio of -82.85, a P/E/G ratio of 1.31 and a beta of 0.79. The business has a 50-day moving average price of C$21.15 and a 200-day moving average price of C$19.42. The company has a quick ratio of 0.98, a current ratio of 4.11 and a debt-to-equity ratio of 12.11. Osisko Gold Royalties has a twelve month low of C$15.42 and a twelve month high of C$24.42.
Osisko Gold Royalties Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 15th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.24 annualized dividend and a dividend yield of 1.10%. Osisko Gold Royalties's payout ratio is -92.31%.
Insider Buying and Selling
In other news, Director David Smith acquired 10,000 shares of Osisko Gold Royalties stock in a transaction on Monday, February 26th. The stock was purchased at an average price of C$18.98 per share, with a total value of C$189,800.00. In other Osisko Gold Royalties news, Senior Officer Iain Wesley Farmer sold 19,600 shares of the firm's stock in a transaction on Monday, March 11th. The stock was sold at an average price of C$22.08, for a total transaction of C$432,864.04. Also, Director David Smith acquired 10,000 shares of Osisko Gold Royalties stock in a transaction on Monday, February 26th. The stock was purchased at an average cost of C$18.98 per share, with a total value of C$189,800.00. Insiders have sold a total of 53,184 shares of company stock valued at $1,158,088 over the last ninety days. 0.57% of the stock is owned by corporate insiders.
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.
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