Osisko Gold Royalty (OR) Received its Third Buy in a Row
Analysts seem to be optimistic about Osisko Gold Royalty (OR) lately, with several positive ratings in a row that it received in the past month alone. Raymond James’ analyst Brian MacArthur reiterates their Buy rating on the shares, with a C$16 price target.
According to TipRanks.com, MacArthur has 0 stars on 0-5 star ranking scale with an average return of -3.3% and a 41.3% success rate. MacArthur covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Newmont Mining Corporation, and Osisko Gold Royalties Ltd.
Osisko Gold Royalty has an analyst consensus of Strong Buy, with a price target consensus of C$16.30, which is a 43.7% upside from current levels. In a report issued on January 7, Desjardins also reiterated a Buy rating on the stock with a C$15.50 price target.
The company has a one-year high of C$15.17 and a one-year low of C$9.27. Currently, Osisko Gold Royalty has an average volume of 370.3K.
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 Friday at C$11.34.