FY2024 Earnings Forecast for TSE:OR Issued By Stifel Canada

Osisko Gold Royalties Ltd (TSE:OR) – Investment analysts at Stifel Canada increased their FY2024 earnings per share estimates for Osisko Gold Royalties in a research report issued to clients and investors on Monday, October 21st. Stifel Canada analyst I. Rico now forecasts that the company will earn $0.67 per share for the year, up from their prior forecast of $0.60. Stifel Canada also issued estimates for Osisko Gold Royalties’ FY2026 earnings at $0.93 EPS.

Other analysts also recently issued research reports about the stock. TD Securities raised their price objective on shares of Osisko Gold Royalties from C$27.00 to C$31.00 in a research note on Friday, October 18th. Stifel Nicolaus boosted their price objective on Osisko Gold Royalties from C$29.00 to C$31.00 in a report on Monday, October 21st. Raymond James cut their price objective on Osisko Gold Royalties from C$27.50 to C$27.00 in a research report on Monday, August 19th. National Bankshares lifted their target price on Osisko Gold Royalties from C$26.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 17th. Finally, Scotiabank upped their price target on shares of Osisko Gold Royalties from C$25.00 to C$27.00 in a report on Monday, August 19th. 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 stock currently has an average rating of “Moderate Buy” and a consensus price target of C$29.13.

Osisko Gold Royalties Price Performance

Osisko Gold Royalties stock opened at C$28.80 on Thursday. The firm 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 has a 12-month low of C$16.32 and a 12-month high of C$29.30. The firm has a 50-day moving average price of C$24.92 and a 200-day moving average price of C$23.34. 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 (TSE:OR) last released its quarterly earnings results on Tuesday, August 6th. The company reported C$0.18 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of C$64.85 million for the quarter.

Osisko Gold Royalties Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Everard Trenton Richards sold 15,000 shares of Osisko Gold Royalties stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of C$22.19, for a total transaction of C$332,913.00. In other Osisko Gold Royalties news, Senior Officer André Le Bel sold 10,000 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$24.80, for a total transaction of C$248,000.00. Also, Director Everard Trenton Richards sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of C$22.19, for a total transaction of C$332,913.00. Insiders have sold a total of 35,000 shares of company stock worth $851,244 in the last three months. Corporate insiders own 0.38% of the company’s stock.

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.