Raymond James Weighs in on Osisko Gold Royalties Ltd’s Q3 2022 Earnings (TSE:OR)

Osisko Gold Royalties Ltd (TSE:ORGet Rating) – Stock analysts at Raymond James reduced their Q3 2022 earnings per share estimates for shares of Osisko Gold Royalties in a report issued on Tuesday, April 19th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of $0.12 per share for the quarter, down from their previous estimate of $0.13. Raymond James currently has a “Outperform” rating and a $23.00 target price on the stock. Raymond James also issued estimates for Osisko Gold Royalties’ Q1 2023 earnings at $0.11 EPS and Q4 2023 earnings at $0.10 EPS.

Several other brokerages have also recently commented on OR. TD Securities boosted their price objective on shares of Osisko Gold Royalties from C$21.00 to C$23.00 and gave the company a “buy” rating in a research note on Tuesday, April 5th. Eight Capital boosted their price target on shares of Osisko Gold Royalties from C$24.00 to C$25.00 and gave the stock a “buy” rating in a research note on Thursday. National Bankshares boosted their price target on shares of Osisko Gold Royalties from C$20.00 to C$22.00 in a research note on Wednesday. Scotiabank boosted their price target on shares of Osisko Gold Royalties from C$22.50 to C$24.00 in a research note on Tuesday. Finally, Canaccord Genuity Group boosted their price target on shares of Osisko Gold Royalties from C$25.00 to C$26.00 in a research note on Friday. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$22.59.

Shares of TSE:OR opened at C$16.84 on Thursday. The company has a 50 day moving average of C$16.88 and a 200 day moving average of C$15.70. The stock has a market cap of C$3.11 billion and a P/E ratio of -119.43. Osisko Gold Royalties has a 12 month low of C$13.60 and a 12 month high of C$18.59. The company has a current ratio of 0.44, a quick ratio of 0.38 and a debt-to-equity ratio of 24.09.

Osisko Gold Royalties (TSE:ORGet Rating) last posted its earnings results on Thursday, February 24th. The company reported C$0.02 earnings per share for the quarter, missing the consensus estimate of C$0.12 by C($0.10). The firm had revenue of C$50.67 million for the quarter.

The company also recently declared a quarterly dividend, which was paid on Thursday, April 14th. Investors of record on Thursday, March 31st were issued a dividend of $0.055 per share. The ex-dividend date was Wednesday, March 30th. This represents a $0.22 dividend on an annualized basis and a yield of 1.31%. Osisko Gold Royalties’s dividend payout ratio is currently -148.94%.

Osisko Gold Royalties Company Profile (Get Rating)

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and offtake and other interests in Canada and internationally. It also owns options on royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company's primary asset is a 5% net smelter return royalty on the Canadian Malartic mine located in Canada.

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Earnings History and Estimates for Osisko Gold Royalties (TSE:OR)

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