00:16:34 EDT Sat 11 May 2024
Enter Symbol
or Name
USA
CA



Osisko Gold Royalties Ltd
Symbol OR
Shares Issued 184,774,972
Close 2023-06-08 C$ 21.62
Market Cap C$ 3,994,834,895
Recent Sedar Documents

Globe says BMO's Cartier keen on Osisko Gold Royalties

2023-06-08 08:46 ET - In the News

The Globe and Mail reports in its Thursday, June 8, edition that BMO Capital Markets analyst Rene Cartier boosted his share target for Osisko Gold Royalties to $23 from $22, after the company gained shareholder approval for a silver and copper stream transaction in Australia -- with copper playing a key role in the price upgrade. The Globe's David Berman writes in the Eye On Equities column that Mr. Cartier says in a note: "After a drawn out process, we see positive sentiment for the CSA transaction finally set to close. Moreover, in our view, the terms of the copper stream are more attractive than the silver." He adds: "Delivering into production expectations, and mine life extension, will be important value drivers. Given the transaction consideration, counter party exposure is of moderate size. However, we see opportunities, and catalysts, to enhance portfolio diversification." Elsewhere, Canaccord Genuity analyst Carey MacRury maintained a "buy" recommendation on Osisko Gold and share target of $27.50. The Globe reported on April 21 that Stifel analysts had raised their share target for Osisko Gold, which they continued to rate "buy," to $27 from $21. The shares could then be had for $21.86.

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