Osisko Gold upgraded to Buy from Hold at Jefferies

Jefferies upgraded Osisko Gold to Buy from Hold with an unchanged $19 price target. The firm cites the rise in gold prices providing a “meaningful lift” to forecasted free cash flows for gold-miners this quarter, with more to come in Q3, the analyst tells investors in a research note. Jefferies further notes that Osisko Gold is a “growing streamer” that trades at a discounted valuation, though the company has made progress in simplifying its business, with several assets contributing to growing production.