The Globe and Mail reports in its Thursday, June 5, edition that RBC Dominion Securities has commenced new coverage on Osisko Gold Royalties ($14.75) with an "outperform" rating and an $18 price target. The Globe's Darcy Keith, Tim Shufelt, Eric Atkins and Jody White write in the Eye On Equities column that Osisko is to be spun out from the acquisition of Osisko Mining ($8.08), which was announced in April in a joint $3.9-billion bid from Yamana Gold Inc. and Agnico Eagle Gold Inc. The cornerstone of Osisko is a 5-per-cent royalty in the Canadian Malartic gold mine in northwestern Quebec. RBC analyst Dan Rollins says, "We think Osisko has all the elements needed to build a successful royalty business." The company's assets are poised to generate substantial cash flow growth, with which Osisko could expand or pay dividends, says Mr. Rollins. The Globe's Michael Bowman recommended buying Osisko Mining in the Number Cruncher column on Jan. 29. Mr. Bowman said Osisko Mining is a gold producer that stands out from the crowd. Its shares were then going for $6.61. The Globe's Rachelle Younglai said on Feb. 19 that Osisko Mining was poised for a rebound in 2014. It shares were then worth $7.02.