Q3 Earnings Forecast for TSE:OR Issued By Cormark

Osisko Gold Royalties Ltd (TSE:OR) – Analysts at Cormark issued their Q3 2024 EPS estimates for Osisko Gold Royalties in a research note issued to investors on Wednesday, October 23rd. Cormark analyst N. Dion anticipates that the company will post earnings per share of $0.17 for the quarter.

A number of other analysts also recently issued reports on the stock. National Bankshares raised their price target on shares of Osisko Gold Royalties from C$26.00 to C$28.00 and gave the company an “outperform” rating in a report on Wednesday, July 17th. Jefferies Financial Group upgraded shares of Osisko Gold Royalties from a “hold” rating to a “buy” rating in a report on Friday, July 12th. CIBC boosted their target price on shares of Osisko Gold Royalties from C$33.00 to C$34.00 in a research note on Wednesday, July 10th. TD Securities raised their price target on Osisko Gold Royalties from C$27.00 to C$31.00 in a research note on Friday, October 18th. Finally, Stifel Nicolaus lifted their price objective on Osisko Gold Royalties from C$29.00 to C$31.00 in a report on Monday, October 21st. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$29.13.

Osisko Gold Royalties Trading Up 0.7 %

Osisko Gold Royalties stock opened at C$28.80 on Friday. Osisko Gold Royalties has a one year low of C$16.32 and a one year high of C$29.30. The business’s fifty day moving average is C$24.92 and its 200 day moving average is C$23.34. The company has a debt-to-equity ratio of 7.00, a current ratio of 4.92 and a quick ratio of 0.98. The stock has a market capitalization of C$5.36 billion, a PE ratio of -57.60, a price-to-earnings-growth ratio of 1.31 and a beta of 0.90.

Osisko Gold Royalties (TSE:OR) last posted its earnings results on Tuesday, August 6th. The company reported C$0.18 EPS for the quarter, topping analysts’ consensus estimates of C$0.17 by C$0.01. Osisko Gold Royalties had a negative return on equity of 5.46% and a negative net margin of 36.86%. The business had revenue of C$64.85 million during the quarter.

Insider Activity at Osisko Gold Royalties

In related news, Director Duncan Cornell Card sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of C$27.03, for a total transaction of C$270,331.00. In other Osisko Gold Royalties news, Director Everard Trenton Richards sold 15,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of C$22.19, for a total transaction of C$332,913.00. Also, Director Duncan Cornell Card sold 10,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of C$27.03, for a total value of C$270,331.00. Over the last three months, insiders have sold 35,000 shares of company stock worth $851,244. Corporate insiders own 0.38% of the company’s stock.

Osisko Gold Royalties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were issued a $0.065 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.26 dividend on an annualized basis and a yield of 0.90%. Osisko Gold Royalties’s dividend payout ratio is currently -52.00%.

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.