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Raymond James Thinks Osisko Gold Royalties’ Stock is Going to Recover

Raymond James analyst Brian MacArthur maintained a Buy rating on Osisko Gold Royalties (ORResearch Report) today and set a price target of C$20.00. The company’s shares closed last Tuesday at $10.09, close to its 52-week low of $9.47.

According to TipRanks.com, MacArthur is a 4-star analyst with an average return of 3.4% and a 42.4% success rate. MacArthur covers the Basic Materials sector, focusing on stocks such as Teck Resources, Trevali Mining, and Trilogy Metals.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Osisko Gold Royalties with a $17.85 average price target, implying a 79.0% upside from current levels. In a report issued on July 7, RBC Capital also maintained a Buy rating on the stock with a $15.00 price target.

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The company has a one-year high of $14.57 and a one-year low of $9.47. Currently, Osisko Gold Royalties has an average volume of 991.3K.

Based on the recent corporate insider activity of 30 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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