TD Cowen analyst Derick Ma downgraded Osisko Gold to Hold from Buy with an unchanged price target of C$31. The firm cites valuation for the downgrade following the stock's recent appreciation.
Osisko Gold Royalties Ltd (OR) Q3 2024 Earnings Call Transcript
Here is how Osisko Gold Royalties (OR) and Sappi Ltd. (SPPJY) have performed compared to their sector so far this year.
Osisko Gold (OR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Osisko Gold (OR) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Here is how Osisko Gold Royalties (OR) and Sappi Ltd. (SPPJY) have performed compared to their sector so far this year.
The concentration around Canadian Malartic is one of the key variables to keep in mind, as this single asset accounts for 41.4% of Osisko's total production. Despite offering vastly superior growth rates, Osisko is currently trading at a -3.9% and -10.4% discount on an EV per GEO basis versus Franco-Nevada and Wheaton Precious Metals. One important growth driver to watch closely is the possibility of a second shaft at the Odyssey underground project that is part of the Canadian Malartic Complex.
Osisko Gold Royalties Ltd (NYSE:OR ) Q2 2024 Results Conference Call August 7, 2024 10:00 AM ET Company Participants Jason Attew - President and Chief Executive Officer Frederic Ruel - Chief Financial Officer & Vice President of Finance Conference Call Participants Ralph Profiti - Eight Capital Josh Wilson - RBC Capital Markets Tanya Jakusconek - Scotiabank Brian MacArthur - Raymond James Operator Good morning, ladies and gentlemen, and welcome to the Osisko Gold Royalties Q2 2024 Results Conference Call. After the presentation, we will conduct a question-and-answer section.
Osisko Gold (OR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Most investors will find the stock market to be a frustrating reflection of the economic realities of the United States, and that's okay. The market will not always be in sync with the economy, but that's where savvy investors will make most of their year's gains, in closing the gap between what is happening under the hood and what the market says is happening.
Osisko (OR) reports a record cash margin in the second quarter of 2024.
The average of price targets set by Wall Street analysts indicates a potential upside of 25.4% in Osisko Gold (OR). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.