Osisko Gold Royalties (OR) Gets a Buy Rating from RBC Capital

In a report issued on January 10, Josh Wolfson from RBC Capital maintained a Buy rating on Osisko Gold Royalties (ORResearch Report), with a price target of $13.00. The company’s shares closed last Tuesday at $12.06.

According to TipRanks.com, Wolfson is a 1-star analyst with an average return of -0.9% and a 45.0% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Kirkland Lake Gold, and Anglogold Ashanti.

Osisko Gold Royalties has an analyst consensus of Strong Buy, with a price target consensus of $17.29, which is a 48.5% upside from current levels. In a report released yesterday, Scotiabank also maintained a Buy rating on the stock with a C$25.00 price target.

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The company has a one-year high of $15.12 and a one-year low of $9.77. Currently, Osisko Gold Royalties has an average volume of 602.4K.

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OR in relation to earlier this year.

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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.

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