Osisko Gold Royalty (OR) Gets a Buy Rating from CIBC
In a new note to investors yesterday, an analyst has provided a rating update for Osisko Gold Royalty (OR). The company received a Buy rating from CIBC’s analyst Cosmos Chiu, with a C$18 price target.
According to TipRanks.com, Chiu is a 4-star analyst with an average return of 5.9% and a 47.5% success rate. Chiu covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Osisko Gold Royalties Ltd, and Detour Gold Corporation.
Osisko Gold Royalty has an analyst consensus of Strong Buy, with a price target consensus of C$16.58, implying a 43.7% upside from current levels. In a report issued on January 18, Raymond James also maintained a Buy rating on the stock with a C$16 price target.
Based on Osisko Gold Royalty’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$5.47 million. In comparison, last year the company had a GAAP net loss of C$64.35 million.
Osisko Gold Royalties Ltd. operates as an intermediate precious metal company, which engages in mining and exploration. Its assets portfolio includes Malartic and Éléonore royalties. The company was founded on April 29, 2014 and is headquartered in Montreal, Canada.
The company’s shares closed on Monday at C$11.54.