Osisko Gold Royalties Ltd. (OR, Financial) has garnered favorable endorsements from two major proxy advisory firms. Institutional Shareholder Services and Glass Lewis & Co., LLC have both advocated that shareholders support all proposed resolutions during the company's forthcoming Annual and Special Meeting of Shareholders. This meeting is scheduled to occur on May 8.
The backing from these influential advisory firms is a strategic advantage for Osisko Gold as it prepares to engage with its shareholders. These recommendations typically carry significant weight among investors, potentially influencing the outcome of the votes at the meeting.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for Osisko Gold Royalties Ltd (OR, Financial) is $24.28 with a high estimate of $25.95 and a low estimate of $22.95. The average target implies an upside of 5.85% from the current price of $22.94. More detailed estimate data can be found on the Osisko Gold Royalties Ltd (OR) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, Osisko Gold Royalties Ltd's (OR, Financial) average brokerage recommendation is currently 1.7, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Osisko Gold Royalties Ltd (OR, Financial) in one year is $16.69, suggesting a downside of 27.24% from the current price of $22.94. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Osisko Gold Royalties Ltd (OR) Summary page.
OR Key Business Developments
Release Date: February 20, 2025
- Gold Equivalent Ounces (GEOs) Q4 2024: 20,005 GEOs.
- Total GEOs 2024: 80,740 GEOs, slightly above the midpoint of revised guidance (77,000 to 83,000 GEOs).
- Annual Revenue 2024: $191.2 million.
- Cash Margin 2024: 96.5%.
- Cash at Year-End 2024: $59 million.
- Net Debt at Year-End 2024: Just under $35 million.
- Quarterly Dividend Q4 2024: $6.05 per share.
- Net Earnings 2024: $0.09 per share.
- Adjusted Earnings 2024: $0.52 per common share.
- Producing Assets at Year-End 2024: 21 assets.
- Precious Metals GEOs 2024: 93% from precious metals (67% gold, 27% silver).
- 2025 GEOs Guidance: 80,000 to 88,000 GEOs.
- 2025 Cash Margin Guidance: Approximately 97%.
- Total Debt at Year-End 2024: Just under $94 million.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Osisko Gold Royalties Ltd (OR, Financial) achieved record annual revenues of $191.2 million with a peer-leading cash margin of 96.5%.
- The company ended 2024 with $59 million in cash and net debt of just under $35 million, after paying down almost $85 million against its revolving credit facility.
- Osisko Gold Royalties Ltd (OR) declared and paid its 41st consecutive quarterly dividend, returning over 360 million Canadian dollars to shareholders.
- The company completed nearly $300 million in transactions in 2024, marking the second consecutive year of significant capital deployment.
- Osisko Gold Royalties Ltd (OR) has a robust pipeline and expects to complete at least one or two meaningful transactions in 2025.
Negative Points
- The growth trajectory for 2025 is expected to be less steep than previously anticipated.
- Performance from Capstone's Mantos Blancos operation experienced a year-over-year decrease due to milling rates below expected levels.
- The company's 2025 guidance reflects a back-half weighted delivery of GEOs, with a weaker Q1 anticipated.
- The updated 2029 outlook is lower than the previous year's 2028 outlook due to the absence of the Eagle mine.
- Progress on the Eagle mine is slower than expected, affecting the company's growth projections.
