Osisko Gold Royalty (OR) Receives a Hold from Scotiabank

In a new note to investors yesterday, an analyst has provided a rating update for the Materials sector company, Osisko Gold Royalty (OR). Scotiabank’s analyst Trevor Turnbull reiterates their Hold rating on the shares, with a C$18 price target.

According to TipRanks.com, Turnbull is a 2-star analyst with an average return of 0.0% and a 42.6% success rate. Turnbull covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals Corp, Osisko Gold Royalties Ltd, and Guyana Goldfields Inc.

Currently, the analyst consensus on Osisko Gold Royalty is a Strong Buy with an average price target of C$16.93.

Osisko Gold Royalty’s market cap is currently C$2.3B and has a P/E ratio of 0. The company has a Price to Book ratio of 1.24.

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 Thursday at C$14.70.