Osisko Gold price target raised to C$21.50 from C$21 at Raymond James

Raymond James analyst Brian MacArthur raised the firm’s price target on Osisko Gold (OR) to C$21.50 from C$21 and keeps an Outperform rating on the shares after the company announced that its wholly-owned subsidiary entered into a revised binding agreement with Metals Acquisition Corp. (MTAL) with respect to the purchase of a 100% silver stream on the producing CSA mine in New South Wales, Australia. The companies have also entered into a backstop financing agreement with respect to a copper stream, noted MacArthur, who views the transactions as accretive.