Osisko Gold Royalties Ltd (TSE:OR - Free Report) - Equities research analysts at Raymond James raised their Q1 2024 earnings estimates for shares of Osisko Gold Royalties in a report issued on Tuesday, April 23rd. Raymond James analyst B. Macarthur now expects that the company will post earnings per share of $0.14 for the quarter, up from their prior estimate of $0.11. The consensus estimate for Osisko Gold Royalties' current full-year earnings is $0.55 per share. Raymond James also issued estimates for Osisko Gold Royalties' Q2 2024 earnings at $0.15 EPS, Q4 2024 earnings at $0.20 EPS and FY2024 earnings at $0.69 EPS.
Several other research firms have also recently weighed in on OR. Canaccord Genuity Group raised their price objective on shares of Osisko Gold Royalties from C$28.00 to C$30.00 in a research report on Tuesday. CIBC raised their price objective on shares of Osisko Gold Royalties from C$28.50 to C$33.00 in a research report on Monday, April 15th. TD Securities lowered their price objective on shares of Osisko Gold Royalties from C$25.00 to C$23.00 and set a "buy" rating for the company in a research report on Friday, February 23rd. Stifel Nicolaus raised their price objective on shares of Osisko Gold Royalties from C$27.00 to C$28.00 and gave the company a "buy" rating in a research report on Friday, April 19th. Finally, National Bankshares lowered their price objective on shares of 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. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$26.56.
Check Out Our Latest Stock Report on Osisko Gold Royalties
Osisko Gold Royalties Price Performance
Shares of Osisko Gold Royalties stock traded up C$0.15 during mid-day trading on Friday, reaching C$21.93. 154,062 shares of the stock were exchanged, compared to its average volume of 305,065. The company has a market cap of C$4.07 billion, a price-to-earnings ratio of -84.35, a price-to-earnings-growth ratio of 1.31 and a beta of 0.79. The company has a current ratio of 4.11, a quick ratio of 0.98 and a debt-to-equity ratio of 12.11. The firm has a 50-day simple moving average of C$21.26 and a 200 day simple moving average of C$19.47. Osisko Gold Royalties has a fifty-two week low of C$15.42 and a fifty-two week high of C$24.42.
Osisko Gold Royalties (TSE:OR - Get Free Report) last announced its earnings results on Tuesday, February 20th. The company reported C$0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.15 by C$0.01. The business had revenue of C$65.16 million during the quarter. Osisko Gold Royalties had a negative net margin of 19.55% and a negative return on equity of 2.85%.
Osisko Gold Royalties Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 15th were issued a dividend of $0.06 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.24 dividend on an annualized basis and a yield of 1.09%. Osisko Gold Royalties's payout ratio is -92.31%.
Insider Buying and Selling
In related news, Director David Smith acquired 10,000 shares of the firm's stock in a transaction on Monday, February 26th. The shares were purchased at an average cost of C$18.98 per share, for a total transaction of C$189,800.00. In other news, Senior Officer Frédéric Ruel sold 16,100 shares of the business's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of C$21.92, for a total value of C$352,912.00. Also, Director David Smith bought 10,000 shares of Osisko Gold Royalties stock in a transaction dated Monday, February 26th. The stock was acquired at an average cost of C$18.98 per share, with a total value of C$189,800.00. Over the last three months, insiders have sold 53,184 shares of company stock worth $1,158,088. Insiders own 0.57% of the company's stock.
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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