18:51:46 EDT Sat 11 May 2024
Enter Symbol
or Name
USA
CA



Osisko Gold Royalties Ltd
Symbol OR
Shares Issued 185,051,028
Close 2023-08-22 C$ 18.05
Market Cap C$ 3,340,171,055
Recent Sedar Documents

Globe says Osisko Gold seen in need of permanent CEO

2023-08-23 07:29 ET - In the News

The Globe and Mail reports in its Wednesday, Aug. 23, edition that Scotia Capital analyst Tanya Jakusconek has resumed coverage on Osisko Gold Royalties with a "sector perform" recommendation and $22 share target. The Globe's David Leeder writes that analysts on average target the shares at $25.46. Ms. Jakusconek says in a note: "Osisko Gold's Americas precious metal focused portfolio is expected to grow over the next five years, which would help to drive GEO and cash flow growth. This combined with the streamlining of its investment portfolio and lowering of debt should lead to a higher valuation over the longer term. Short term, the abrupt departure of the CEO (replaced with an outside interim CEO) and adjustment of the chairman role has led to uncertainly in the shares. We believe this will weigh on the shares until a permanent CEO is in place." 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. The Globe reported on June 8 that Canaccord analyst Carey MacRury had maintained a "buy" rating on Osisko Gold and share target of $27.50 when it could be had for $21.62.

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