Osisko Gold Royalties Ltd (OR) Received its Third Buy in a Row

By Austin Angelo

After Canaccord Genuity and Raymond James gave Osisko Gold Royalties Ltd (NYSE: OR) a Buy rating last month, the company received another Buy, this time from BMO Capital. Analyst Andrew Kaip maintained a Buy rating on Osisko Gold Royalties Ltd today and set a price target of $19. The company’s shares closed last Monday at $12.25.

According to TipRanks.com, Kaip is a 1-star analyst with an average return of -2.2% and a 36.6% success rate. Kaip covers the Basic Materials sector, focusing on stocks such as Newmont Mining Corporation, Barrick Gold Corporation, and Anglogold Ashanti Ltd.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Osisko Gold Royalties Ltd with a $12.32 average price target, implying a 0.7% upside from current levels. In a report issued on September 4, Raymond James also maintained a Buy rating on the stock with a $18 price target.

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The company has a one-year high of $13.43 and a one-year low of $7. Currently, Osisko Gold Royalties Ltd has an average volume of 809K.

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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.