Osisko Gold Royalty (OR) was Upgraded to a Buy Rating at BMO Capital

In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Osisko Gold Royalty (OR). Analyst Andrew Kaip from BMO Capital rated Osisko Gold Royalty (OR) a Buy yesterday, setting a C$17 price target.

According to TipRanks.com, Kaip has 0 stars on 0-5 star ranking scale with an average return of -3.4% and a 38.6% success rate. Kaip covers the Basic Materials sector, focusing on stocks such as Golden Star Resources Ltd, Osisko Gold Royalties Ltd, and Teranga Gold Corporation.

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

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 Wednesday at C$13.83, close to its 52-week high of C$14.12.