RBC Capital analyst Josh Wolfson maintained a Buy rating on Osisko Gold Royalties (OR – Research Report) on September 12 and set a price target of $15.00. The company’s shares closed yesterday at $10.29.
According to TipRanks, Wolfson is an analyst with an average return of -3.0% and a 42.40% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Newmont Mining, Anglogold Ashanti, and Gold Fields.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Osisko Gold Royalties with a $15.22 average price target.
Based on Osisko Gold Royalties’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $63.96 million and a net profit of $17.16 million. In comparison, last year the company earned a revenue of $57.94 million and had a GAAP net loss of $14.76 million
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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