Scotiabank Has Optimistic Outlook of TSE:OR FY2024 Earnings

Osisko Gold Royalties Ltd (TSE:OR) – Stock analysts at Scotiabank upped their FY2024 earnings per share (EPS) estimates for shares of Osisko Gold Royalties in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst T. Jakusconek now forecasts that the company will post earnings per share of $0.70 for the year, up from their prior estimate of $0.65.

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

Osisko Gold Royalties Trading Up 3.2 %

Shares of TSE OR opened at C$27.62 on Friday. The business has a 50 day simple moving average of C$27.14 and a 200 day simple moving average of C$25.05. Osisko Gold Royalties has a 52 week low of C$17.41 and a 52 week high of C$29.57. The stock has a market cap of C$5.14 billion, a price-to-earnings ratio of -55.24, a PEG ratio of 1.31 and a beta of 0.90. The company has a debt-to-equity ratio of 7.00, a quick ratio of 0.98 and a current ratio of 4.92.

Osisko Gold Royalties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.065 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.94%. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently -52.00%.

Insider Activity

In other news, Director Duncan Cornell Card sold 10,000 shares of Osisko Gold Royalties stock in a transaction 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 currently owned by corporate insiders.

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.