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


A Wall Street analyst has provided a review for the Materials company today, but retained the same rating on the stock. Analyst Brian MacArthur from Raymond James remains bullish on Osisko Gold Royalty (OR) and has a C$16.50 price target.

According to TipRanks.com, MacArthur is ranked 0 out of 5 stars with an average return of -4.2% and a 37.7% success rate. MacArthur covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Osisko Gold Royalties Ltd, and Teck Resources Limited.

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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Osisko Gold Royalty with a C$15.04 average price target, implying a 54.4% upside from current levels. In a report issued on October 31, RBC Capital also reiterated a Buy rating on the stock with a C$16 price target.

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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 net profit of C$6.73 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 Thursday at C$9.75, close to its 52-week low of C$9.49.