Raymond James Thinks Osisko Gold Royalty’s Stock is Going to Recover

In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Osisko Gold Royalty (OR). Raymond James’ analyst Brian MacArthur reiterates their Buy rating on the shares, with a C$16.50 price target.

According to TipRanks.com, MacArthur ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -5.2% and a 37.2% success rate. MacArthur covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Osisko Gold Royalties Ltd, and Teck Resources Limited.

Osisko Gold Royalty has an analyst consensus of Strong Buy, with a price target consensus of C$15.66.

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 348.7K.

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$10, close to its 52-week low of C$9.27.

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