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Are Basic Materials Stocks Lagging Osisko Gold Royalties (OR) This Year?
ZACKS· 2024-10-31 14:45
Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. 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 one of 235 companies in the Basic Materials group. The Basic Materials group currently sits at #9 within the Zacks Sector Rank. The Zacks Sector Ra ...
Why Osisko Gold (OR) is Poised to Beat Earnings Estimates Again
ZACKS· 2024-10-25 17:11
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 ...
What Makes Osisko Gold (OR) a New Buy Stock
ZACKS· 2024-10-15 17:05
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 ...
Is Osisko Gold Royalties (OR) Stock Outpacing Its Basic Materials Peers This Year?
ZACKS· 2024-10-15 14:45
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 ...
Osisko Announces Agreement to Purchase Royalties on Spartan Resources' Dalgaranga Gold Project in Western Australia
GlobeNewswire News Room· 2024-09-30 11:44
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 ...
Osisko Gold Royalties: Top-Tier Growth, Top-Tier Assets, Top-Tier Jurisdictions
Seeking Alpha· 2024-09-18 18:39
For almost a decade, I occupied research analyst positions in various investment firms, mostly in Toronto. I left the city in the summer of 2021 and moved into a yurt that I built in the boreal forest. I went from living in downtown Toronto to living alone in the woods approximately 100km away from the closest paved road or grocery store.The longer I stay in the woods, the deeper I understand the fundamental role of energy and commodities. Self-sufficiency does not exist whether it is in nature or in societ ...
Osisko Declares Third Quarter 2024 Dividend
GlobeNewswire News Room· 2024-08-06 21:48
MONTREAL, Aug. 06, 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 third quarter 2024 dividend of C$0.065 per common share. This marks Osisko's 40th consecutive quarterly dividend, which will be paid on October 15, 2024 to shareholders of record as of the close of business on September 30, 2024. This dividend is an "eligible dividend" as defined in the Income Tax Act (Canada). For shareholders r ...
Osisko Reports Q2 2024 Results
GlobeNewswire News Room· 2024-08-06 21:43
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]
Why Osisko Gold (OR) Could Beat Earnings Estimates Again
ZACKS· 2024-07-26 17:10
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 ...
Gold Hits New High: 3 Stocks Investors Should Watch
MarketBeat· 2024-07-18 11:00
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]