Osisko Gold Royalty (OR) Receives a Buy from Desjardins

Shares of Osisko Gold Royalty (OR) were revisited by a Wall Street analyst today. Analyst Josh Wolfson from Desjardins rated Osisko Gold Royalty (OR) a Buy, setting a C$15.50 price target.

According to TipRanks.com, Wolfson is a 2-star analyst with an average return of 0.0% and a 48.2% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Randgold Resources Limited, and Osisko Gold Royalties Ltd.

Currently, the analyst consensus on Osisko Gold Royalty is a Strong Buy with an average price target of C$16.08.

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$11.86.