AEM:CC - Osisko Gold Royalties: 3 Reasons To Buy The Dips
2024-02-22 08:45:04 ET
Summary
- Osisko Gold Royalties reported a record year with ~94,300 GEOs earned, revenue of C$247.3 million and adjusted earnings of C$100.1 million, with consistent per share growth.
- Importantly, the company enters 2024 with a strong balance sheet to capitalize on the favorable environment for transacting, and its top royalty continues to get better each year.
- In this update, we'll dig into the Q4 and FY2023 results, and the three reasons why Osisko Gold Royalties ("Osisko") continues to be a premier way to get gold exposure.
The Q4 and FY2023 Earnings Season is nearing the halfway mark for the Gold Miners Index ( GDX ) and one of the most recent companies to report its results was Osisko Gold Royalties ( OR ). Overall, the company had another solid year despite some setbacks, with record operating cash flow, record revenue, record gold-equivalent ounces [GEOs] earned. Meanwhile, it enters 2024 much stronger with several key royalty/streaming assets added to its portfolio and in great shape financially, ending the quarter with just over C$100 million in net debt vs. cash and short-term investments, and excluding marketable securities....
Osisko Gold Royalties: 3 Reasons To Buy The Dips