Raymond James Issues Optimistic Estimate for TSE:OR Earnings

Osisko Gold Royalties Ltd (TSE:OR) – Raymond James increased their FY2024 earnings estimates for Osisko Gold Royalties in a report issued on Tuesday, January 7th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $0.69 per share for the year, up from their previous estimate of $0.68. Raymond James also issued estimates for Osisko Gold Royalties’ Q4 2024 earnings at $0.20 EPS and FY2025 earnings at $0.81 EPS.

A number of other research analysts have also weighed in on the company. National Bankshares raised their price objective on Osisko Gold Royalties from C$33.50 to C$35.00 and gave the company an “outperform” rating in a research report on Thursday. BMO Capital Markets raised their price target on Osisko Gold Royalties from C$27.00 to C$28.00 in a report on Thursday, November 7th. TD Securities downgraded Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. CIBC boosted their price target on shares of Osisko Gold Royalties from C$36.00 to C$39.00 in a research report on Monday, December 2nd. Finally, Stifel Nicolaus increased their price objective on shares of Osisko Gold Royalties from C$29.00 to C$31.00 in a research report on Monday, October 21st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$31.13.

Osisko Gold Royalties Stock Performance

Shares of TSE OR opened at C$26.95 on Thursday. The company has a market cap of C$5.02 billion, a P/E ratio of -53.90, a P/E/G ratio of 1.31 and a beta of 0.90. Osisko Gold Royalties has a 52-week low of C$17.41 and a 52-week high of C$29.57. The company has a debt-to-equity ratio of 7.00, a quick ratio of 0.98 and a current ratio of 4.92. The firm’s fifty day moving average is C$27.09 and its two-hundred day moving average is C$25.07.

Insiders Place Their Bets

In other news, Director Duncan Cornell Card sold 10,000 shares of the 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 value of C$270,331.00. 0.38% of the stock is owned by insiders.

Osisko Gold Royalties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.065 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.26 dividend on an annualized basis and a yield of 0.96%. Osisko Gold Royalties’s dividend payout ratio is presently -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.