Best Gold Companies

Gold Streaming & Royalty, Investment Opportunities - Feb 2024

Gold Streaming & Royalty, Investment Opportunities - Feb 2024

Introduction

Investing in gold streaming and royalty companies can be a profitable venture, as they offer a steady stream of income from precious metals. In this article, we will discuss three such companies: Royal Gold, Inc., Sandstorm Gold Ltd., and Osisko Gold Royalties Ltd.

Royal Gold, Inc.

Royal Gold, Inc. (NASDAQ: RGLD) is a precious metals stream and royalty company that engages in the acquisition and management of precious metal streams, royalties, and similar production-based interests. As of December 31, 2023, the company owned interests on 178 properties on five continents, including interests on 37 producing mines and 22 development stage projects. Royal Gold is publicly traded on the Nasdaq Global Select Market under the symbol “RGLD.”

Sandstorm Gold Ltd.

Sandstorm Gold Ltd. released its financial results for the fourth quarter and year ended December 31, 2023. The company had record attributable gold equivalent ounces of 97,245 ounces, record revenue of $179.6 million, record total sales, royalties, and income from other interests of $191.4 million, record cash flows from operating activities, excluding changes in non-cash working capital of $151.1 million, net income of $42.7 million, and average cash cost per attributable gold equivalent ounce of $223 resulting in cash operating margins of $1,706 per ounce. The company is undergoing a process to monetize between $40–$100 million of non-core assets by the end of 2024, and its financial position continues to strengthen with current available capital totaling over $200 million. The company's production forecast is expected to reach approximately 125,000 attributable gold equivalent ounces within the next five years.

Osisko Gold Royalties Ltd

Osisko Gold Royalties Ltd (NYSE:OR) acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally. It also owns options on offtake; royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company's primary asset is a 5% net smelter return royalty on the Canadian Malartic mine located in Canada.

Investment Analysts' Views

Osisko Gold Royalties Ltd (TSE:OR) - Investment analysts at Cormark issued their Q4 2023 earnings per share (EPS) estimates for Osisko Gold Royalties in a research note issued on Tuesday, February 13th. Cormark analyst N. Dion expects that the company will earn $0.15 per share for the quarter. The consensus estimate for Osisko Gold Royalties' current full-year earnings is $0.62 per share. Get Osisko Gold Royalties alerts:OR has been the topic of a number of other research reports. Scotiabank lowered their price objective on Osisko Gold Royalties from C$23.00 to C$22.00 and set a "sector perform" rating on the stock in a report on Friday, December 15th. CIBC raised their target price on Osisko Gold Royalties from C$27.00 to C$28.50 and gave the stock an "outperform" rating in a research report on Wednesday, February 7th. Canaccord Genuity Group dropped their price target on Osisko Gold Royalties from C$25.00 to C$24.50 and set a "buy" rating for the company in a report on Monday, November 20th. BMO Capital Markets raised their price target on Osisko Gold Royalties

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