FY2024 EPS Forecast for Osisko Gold Royalties Cut by Analyst

Osisko Gold Royalties Ltd (TSE:OR) – Equities research analysts at Cormark lowered their FY2024 earnings per share estimates for Osisko Gold Royalties in a research note issued to investors on Friday, November 8th. Cormark analyst N. Dion now anticipates that the company will earn $0.69 per share for the year, down from their prior forecast of $0.71. Cormark also issued estimates for Osisko Gold Royalties’ FY2025 earnings at $0.88 EPS.

Several other equities analysts have also recently weighed in on the company. TD Securities cut Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research note on Monday. Stifel Nicolaus upped their price objective on shares of Osisko Gold Royalties from C$29.00 to C$31.00 in a research note on Monday, October 21st. Raymond James cut their target price on shares of Osisko Gold Royalties from C$27.50 to C$27.00 in a research report on Monday, August 19th. Canaccord Genuity Group boosted their price target on shares of Osisko Gold Royalties from C$30.00 to C$31.00 in a report on Tuesday, July 23rd. Finally, Scotiabank increased their price objective on Osisko Gold Royalties from C$25.00 to C$27.00 in a report on Monday, August 19th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$29.63.

Osisko Gold Royalties Stock Performance

Shares of OR stock opened at C$25.89 on Monday. The stock’s fifty day simple moving average is C$25.75 and its 200-day simple moving average is C$23.72. The company has a market capitalization of C$4.82 billion, a price-to-earnings ratio of -53.30, a P/E/G ratio of 1.31 and a beta of 0.90. The company has a current ratio of 4.92, a quick ratio of 0.98 and a debt-to-equity ratio of 7.00. Osisko Gold Royalties has a 1-year low of C$16.32 and a 1-year high of C$29.57.

Insiders Place Their Bets

In other Osisko Gold Royalties news, Director Duncan Cornell Card sold 10,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of C$27.03, for a total value of C$270,331.00. Company insiders own 0.38% of the company’s stock.

Osisko Gold Royalties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Tuesday, December 31st. Osisko Gold Royalties’s dividend payout ratio is presently -52.00%.

Osisko Gold Royalties Company Profile

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.