TD Securities Thinks Osisko Gold Royalty’s Stock is Going to Recover

By Jason Carr

Osisko Gold Royalty (ORResearch Report), the Materials sector company was revisited yesterday, and remains undervalued for at least one analyst on the street. The company received a Buy rating from TD Securities’ analyst Greg Barnes, with a C$13.50 price target.

According to TipRanks.com, Barnes is ranked 0 out of 5 stars with an average return of -6.1% and a 36.2% success rate. Barnes covers the Basic Materials sector, focusing on stocks such as Osisko Gold Royalties Ltd, Teck Resources Limited, and Centerra Gold Inc.

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Currently, the analyst consensus on Osisko Gold Royalty is a Strong Buy with an average price target of C$14.75, which is a 53.2% upside from current levels. In a report issued on October 31, RBC Capital also reiterated a Buy rating on the stock with a C$16 price target.

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Based on Osisko Gold Royalty’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$5.47 million. In comparison, last year the company had a net profit of C$6.73 million.

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.

The company’s shares closed on Wednesday at C$9.63, close to its 52-week low of C$9.49.