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 reported at $52.3 million, an increase from $47.4 million in Q2 2023 [2][32] - As of June 30, 2024, the cash balance stood at $65.7 million, with outstanding debt of $109.0 million [2][28] 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 announced the first delivery under the CSA copper stream from Metals Acquisition Limited and received the first payment from Agnico Eagle Mines Ltd. under the Akasaba West royalty [3] 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 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]

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. This mining royalty and exploration company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for ...

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 ...

Osisko Gold Royalties (OR) reported an 18.6% year-over-year fall in attributable gold equivalent ounces ("GEOs") in the second quarter of 2024. Preliminary revenues from royalties and streams were disclosed at $64.8 million, which suggests a 7.1% increase from the prior-year quarter's actual. OR earned attributable GEOs of around 20,068 in the quarter. Preliminary cost of sales (excluding depletion) came in at $2.2 million in the second quarter, suggesting a dip from the $4.3 million reported in the year-ag ...

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 ...

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 ...

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 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 ...