If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Osisko Gold Royalties (OR) . This company, which is in the Zacks Mining - Gold industry, shows potential for another earnings beat. When looking at the last two reports, this mining royalty and exploration company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 8.71%, on avera ...

Osisko Gold Royalties (OR) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Since a chang ...

The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Osisko Gold Royalties (OR) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question. Osisko Gold Royalties is a member of the Basic Materials sector. This group includes 235 individual stocks and currently holds a Zacks Sector Rank of #1 ...

MONTREAL, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the "Company" or "Osisko") (OR: TSX & NYSE) is pleased to announce that it has entered into a binding agreement to acquire a 1.8% gross revenue royalty ("GRR") on the Dalgaranga Gold project (the "Dalgaranga Royalty" and the "Project") operated by Spartan Resources Limited ("Spartan") in Western Australia. In addition, Osisko shall also acquire a 1.35% GRR (the "Exploration Royalty") on additional regional exploration licenses in proxim ...

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Core Viewpoint - Osisko Gold Royalties Ltd has announced a third quarter 2024 dividend of C$0.065 per common share, marking its 40th consecutive quarterly dividend, to be paid on October 15, 2024 [1] Dividend Announcement - The dividend will be paid to shareholders of record as of the close of business on September 30, 2024 [1] - For U.S. shareholders, the dollar equivalent of the dividend will be determined based on the daily rate published by the Bank of Canada on September 30, 2024 [2] Dividend Reinvestment Plan - The company has implemented a dividend reinvestment plan, allowing shareholders in Canada and the U.S. to participate in the plan related to the upcoming dividend [3] - Non-registered beneficial shareholders interested in the plan should contact their financial institution for enrollment details [3] Company Overview - Osisko Gold Royalties Ltd is an intermediate precious metal royalty company with a portfolio of over 185 royalties, streams, and precious metal offtakes, including 20 producing assets [5] - The cornerstone asset of Osisko is a 3-5% net smelter return royalty on the Canadian Malartic Complex, which is one of Canada's largest gold mines [5]

Core Insights - Osisko Gold Royalties Ltd reported consolidated financial results for Q2 2024, highlighting record operating cash flows of $52.3 million and a cash margin of 97% [1][2] - The company appointed Ms. Wendy Louie to its Board of Directors, bringing over 25 years of finance and leadership experience in the mining industry [4][5] Financial Performance - The company earned 20,068 gold equivalent ounces (GEOs) in Q2 2024, a decrease from 24,645 GEOs in Q2 2023 [2] - Revenues from royalties and streams increased to $64.8 million, compared to $60.5 million in Q2 2023 [2] - A net loss of $21.1 million was reported, equating to $0.11 per basic share, primarily due to a non-cash impairment loss of $67.8 million on the Eagle gold royalty [2] - Adjusted earnings reached a record of $33.2 million, or $0.18 per basic share, up from $27.2 million or $0.15 per basic share in Q2 2023 [2][22] - The company repaid $44.2 million under its revolving credit facility and extended the maturity date to April 30, 2028 [2] Cash Flow and Balance Sheet - Operating cash flows were recorded at $52.3 million, an increase from $47.4 million in Q2 2023 [2] - As of June 30, 2024, the cash balance stood at $65.7 million, with outstanding debt of $109.0 million [2] - The company declared a quarterly dividend of $0.065 per common share, marking an 8% increase [2] Strategic Developments - Subsequent to June 30, 2024, Osisko Bermuda Limited acquired a new gold stream on SolGold plc's Cascabel copper-gold project in Ecuador [3] - The company also received its first payment under the CSA copper stream from Metals Acquisition Limited and from Agnico Eagle Mines Ltd. under the Akasaba West royalty [3] - The company adjusted its 2024 GEO delivery guidance range to 77,000 – 83,000 GEOs due to production suspensions at the Eagle mine [8] Leadership Changes - Ms. Wendy Louie's appointment to the Board is expected to enhance the company's governance and strategic direction, given her extensive experience in the mining sector [5][6]

Core Viewpoint - Osisko Gold Royalties is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a solid history of performance in this regard [1]. Group 1: Earnings Performance - The company has a strong track record of exceeding earnings estimates, particularly in the last two quarters, with an average surprise of 9.09% [2]. - In the last reported quarter, Osisko Gold achieved earnings of $0.12 per share, surpassing the Zacks Consensus Estimate of $0.11 per share, resulting in a surprise of 9.09% [3]. Group 2: Earnings Estimates and Predictions - Recent favorable changes in earnings estimates for Osisko Gold indicate a positive Earnings ESP (Expected Surprise Prediction), which is a strong indicator of a potential earnings beat [4]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests that stocks like Osisko Gold have a nearly 70% chance of producing a positive surprise [5]. Group 3: Earnings ESP Insights - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [6]. - Currently, Osisko Gold has an Earnings ESP of +2.04%, indicating increased analyst optimism regarding its near-term earnings potential [7].

Market Overview - The stock market may not always align with the economic realities of the United States, presenting opportunities for savvy investors to capitalize on discrepancies [1] Gold Mining Sector - Gold mining stocks are gaining attention as gold prices have reached an all-time high, reminiscent of the inflationary periods of the 1970s [2] - Key stocks in the VanEck Gold Miners ETF include Osisko Gold Royalties, Triple Flag Precious Metals, and Royal Gold [2] Osisko Gold Royalties (OR) - Osisko stock is currently priced at $18.20, reflecting a 1.68% increase, with a 52-week range of $11.24 to $18.30 and a dividend yield of 1.04% [3] - The stock has rallied 28% over the past six months, outperforming the S&P 500's 18.3% return during the same period [4] - Osisko trades at a price-to-sales (P/S) ratio of 18.3x, which is a 42.9% premium over the industry average of 12.8x [5] - Institutional investment in Osisko has increased by 3.7% in the past quarter, totaling $345 million, leading to a 16.8% drop in short interest [9][10] Triple Flag Precious Metals (TFPM) - TFPM is currently priced at $16.21, with a P/E ratio of 85.32, indicating a 211% premium over the industry average of 27.7x [7][11] - Analysts at Jefferies Financial Group have raised the price target for TFPM to $20, suggesting a potential upside [6] - Short interest for TFPM has decreased by 11.3% recently, allowing for increased institutional investment [19] Royal Gold (RGLD) - Royal Gold is priced at $139.58, with a P/E ratio of 41.17, which is approximately 49% above the industry average [13][22] - Analysts project a 26.5% EPS growth for Royal Gold, higher than the forecasts for Osisko and TFPM [21] - Institutional investments in Royal Gold have also increased, with VanEck boosting its stake by 6.8% to a total of $559.8 million [14]

Pursuant to the terms of the Gold Stream, OBL and FNB (collectively, the "Stream Purchasers") will make initial deposits totaling US$100 million to SolGold in three equal tranches to fund the Project's pre-construction costs (the "Pre-Construction Deposit"). The first tranche of the Pre-Construction Deposit will be funded at closing, with the two subsequent tranches subject to the achievement of key development milestones. Jason Attew, President & CEO of Osisko commented: "Cascabel is a world-class copper-g ...