The chart below shows how OR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, OR sees a -0.54% change in stock price 10 days leading up to the earnings, and a +2.45% change 10 days following the report. On the earnings day itself, the stock moves by -0.23%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Gold Production Update: Osisko earned 18,408 gold equivalent ounces in the third quarter, positioning the company well to achieve its previously published guidance of 77,000 to 83,000 gold equivalent ounces for the year.
Strong Operating Cash Flows: Osisko's operating cash flows for the period came in at an impressive $47.2 million, with a cash margin of 96.3%.
Quarterly Dividend Announcement: The company declared and paid its quarterly dividend of $0.065 per share in Q3, marking its 40th consecutive dividend with over $300 million returned to shareholders to date from these distributions.
Cash and Debt Management: Osisko ended the third quarter with $58.5 million in cash, and net debt has now been reduced to just over $20 million after the company continued to pay down its revolving credit facility during the period.
High Cash Margin Performance: Osisko's cash margin for the quarter was 96.3%, and year-to-date, it stands at 97%, making it a leader among its peers in this metric.
Negative
Gold Production Update: OsiSko earned 18,408 gold equivalent ounces in the third quarter, which has us in a good position as of September 30 to achieve our previously published full year 2024 guidance of 77,000 to 83,000 gold equivalent ounces.
Operating Cash Flow Performance: OsiSko's operating cash flows for the period came in at an impressive $47.2 million and a cash margin of 96.3% during the period.
Cash Position Improvement: OsiSko ended the third quarter with $58.5 million in cash and net debt has now been reduced to just over $20 million after the company continued to pay down its revolving credit facility during the period.
Quarterly Revenue Decline: OsiSko's quarterly revenues of $57.3 million tracked modestly lower, when comparing to Q3 of 2023.
Q3 Revenue Decline: The lower year-over-year revenue in Q3 2024 comes as a result of OsiSko having received just shy of 1,600 gold equivalent ounces on September 30th, a Canadian holiday, meaning that while these gold equivalent ounces were earned during the period, they were not sold and the associated revenue will be booked in Q4.
Osisko Gold Royalties Ltd (OR) Q3 2024 Earnings Call Transcript
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