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Osisko (OR) Reports Q2 Preliminary Revenues and Margins
ZACKS· 2024-07-11 15:55
Core Insights - Osisko Gold Royalties (OR) reported an 18.6% year-over-year decline in attributable gold equivalent ounces (GEOs) for Q2 2024, with preliminary revenues from royalties and streams at $64.8 million, reflecting a 7.1% increase from the same quarter last year [1][2] Financial Performance - OR earned approximately 20,068 attributable GEOs in Q2 2024, with a preliminary cost of sales (excluding depletion) of $2.2 million, down from $4.3 million in the prior year [2] - The cash margin for the quarter reached a record $62.6 million, indicating an 11.4% growth year-over-year, with a cash margin percentage of 97% compared to 93% in Q2 2023 [2] - As of June 30, 2024, OR's cash position was $65.7 million, having utilized $44.2 million for repayments on its revolving credit facility in Q2, totaling $87.9 million in repayments for the first half of 2024 [3] - Adjusted earnings per share (EPS) for Q1 2024 were reported at 12 cents, surpassing the Zacks Consensus Estimate of 11 cents, although the bottom line declined by 8% year-over-year [3][4] Market Comparison - In the past year, Osisko's shares increased by 13.2%, while the industry experienced a growth of 21.2% [5] - The average realized price of gold in Q2 2024 was $2,339 per ounce, up from $2,054 per ounce in Q1 2024, indicating a positive trend in gold prices [7] Industry Context - Sandstorm Gold Ltd. (SAND) reported a 16.9% year-over-year decline in revenues for Q2 2024, while its cash operating margin increased by 17.1% [8] - SAND's preliminary cost of sales (excluding depletion) was $4.7 million, down from $5.6 million in Q1 2023, with a cash operating margin of $2,043 per attributable GEO [9] - Royal Gold, Inc. (RGLD) sold 52,600 GEOs in Q2 2024, with a cost of sales of $459 per GEO, compared to $436 per GEO in the previous quarter [12][13]
Wall Street Analysts Think Osisko Gold (OR) Could Surge 25.44%: Read This Before Placing a Bet
ZACKS· 2024-06-24 14:55
Osisko Gold Royalties (OR) closed the last trading session at $16.43, gaining 1.2% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $20.61 indicates a 25.4% upside potential. The mean estimate comprises 13 short-term price targets with a standard deviation of $1.99. While the lowest estimate of $16.79 indicates a 2.2% increase from the current price level, the most optimistic analys ...
Wall Street Analysts Believe Osisko Gold (OR) Could Rally 25.49%: Here's is How to Trade
ZACKS· 2024-05-30 14:55
Osisko Gold Royalties (OR) closed the last trading session at $16.24, gaining 4.8% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $20.38 indicates a 25.5% upside potential. The average comprises 13 short-term price targets ranging from a low of $16.79 to a high of $24, with a standard deviation of $1.99. While the lowest estimate indicates an increase of 3.4% from the current pric ...
Osisko Announces the Voting Results From Its Annual Meeting of Shareholders
Newsfilter· 2024-05-09 21:00
MONTREAL, May 09, 2024 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the "Corporation" or "Osisko") (OR: TSX & NYSE) announces that, at the annual meeting of shareholders held on May 9, 2024, each of the 9 nominees listed in the management information circular filed on April 8, 2024 (the "Circular") with regulatory authorities were elected as directors of the Corporation.   There were 149,592,121 common shares present or represented at the meeting or 80.47% of the 185,904,342 common shares issued and outst ...
Osisko Gold Royalties(OR) - 2024 Q1 - Earnings Call Transcript
2024-05-09 18:09
Osisko Gold Royalties Ltd (NYSE:OR) Q1 2024 Results Conference Call May 9, 2024 10:00 AM ET Company Participants Jason Attew - President and Chief Executive Officer Heather Taylor - Vice President Sustainability and Communications Iain Farmer - Vice President, Corporate Development Frederic Ruel - Chief Financial Officer and Vice President of Finance Conference Call Participants Ralph Profiti - Eight Capital Kerry Smith - Haywood Securities John Tumazos - John Tumazos Very Independent Research Tanya Jakusco ...
Osisko Declares an 8% Increase in Second Quarter 2024 Dividend
Newsfilter· 2024-05-08 21:13
MONTREAL, May 08, 2024 (GLOBE NEWSWIRE) -- Osisko Gold Royalties Ltd (the "Company" or "Osisko") (OR: TSX & NYSE) is pleased to announce that the Board of Directors has approved a second quarter 2024 dividend of C$0.065 per common share, representing a roughly eight percent increase over the previous quarterly dividend of C$0.06 per common share. This marks Osisko's 39th consecutive quarterly dividend, which will be paid on July 15, 2024 to shareholders of record as of the close of business on June 28, 2024 ...
Osisko Gold Royalties(OR) - 2024 Q1 - Quarterly Report
2024-04-08 17:58
ANNUAL MEETING OF SHAREHOLDERS - MAY 9, 2024 AT 11:30 A.M. LOCATION: 1 Place Ville Marie, Suite 4000 Montréal, Québec, H3B 4M4 OSISKO GOLD ROYALTIES LTD ______________ ______________ Dear fellow shareholders: As an owner of Osisko Gold Royalties Ltd ("Osisko" or the "Corporation"), you are invited to join us at our 9th annual meeting of shareholders (the "meeting") to be held on May 9, 2024 at the offices of Lavery, de Billy L.L.P. located at 1 Place Ville Marie, Suite 4000, Montréal, Québec, H3B 4M4. Osisk ...
Osisko Gold Royalties(OR) - 2023 Q4 - Earnings Call Presentation
2024-02-21 15:43
● | --- | --- | --- | --- | --- | --- | |---------------------------------|-------|-------|-------|-------|-------| | | | | | | | | FULL YEAR & Q4 2023 RESULTS | | | | | | | February 21, 2024 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | WWW.OSISKOGR.COM \| NYSE&TSX:OR | | | | | | FORWARD-LOOKING STATEMENTS For additional information on risks, uncertainties and assumptions, please refer to the most recent Annual Information Form of Osisko filed on SEDAR+ at www.sedarplu ...
Osisko Gold Royalties(OR) - 2023 Q1 - Earnings Call Presentation
2023-05-11 15:07
2 Revenues from royalties and streams of $59.6 million ($50.7 million in Q1 2022) � 3 MONTHS ENDED OSISKO GOLD ROYALTIES SAFE HARBOUR STATEMENT Q1 2023 RESULTS May 11, 2023 FORWARD-LOOKING STATEMENTS This presentation has been prepared for informational purposes only in order to assist prospective investors in evaluating an investment in Osisko Gold Royalties Ltd. The information related to mining operators provided in this presentation has been sourced from public disclosure. Inquiries regarding this prese ...
Osisko Gold Royalties(OR) - 2023 Q2 - Quarterly Report
2023-05-11 13:35
ANNUAL MEETING OF SHAREHOLDERS - JUNE 7, 2023 AT 11:00 A.M. ______________ LOCATION: Montréal Marriott Château Champlain Hotel ______________ OSISKO GOLD ROYALTIES LTD May 10, 2023 Dear fellow shareholders: As an owner of Osisko Gold Royalties ("Osisko" or the "Corporation"), you are invited to join us at our 9 annual meeting of shareholders (the "meeting") to be held on June 7, 2023 at the Montréal Marriott Château Champlain Hotel. If you cannot attend the meeting, the Board of Directors recommends that yo ...