Osisko Says Guiding Towards The Low End Of Gold Equivalent Ounces (GEO) Delivery Guidance For 2023; Says Assuming No Reportable GEOs From Renard In Q4
Portfolio Pulse from Benzinga Newsdesk
Osisko Gold Royalties Ltd has announced that it is guiding towards the lower end of its Gold Equivalent Ounces (GEO) delivery guidance for 2023. The company also stated that it is not expecting any reportable GEOs from Renard in Q4.
October 11, 2023 | 9:06 pm
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NEGATIVE IMPACT
Osisko Gold Royalties Ltd's announcement of lower GEO delivery for 2023 and no reportable GEOs from Renard in Q4 may negatively impact its stock price.
Osisko's announcement of lower GEO delivery for 2023 indicates a potential decrease in production or sales, which could negatively impact the company's revenues and profitability. This, in turn, could lead to a decrease in the company's stock price. The lack of reportable GEOs from Renard in Q4 further supports this potential negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100