The Globe and Mail reports in its Tuesday edition that National Bank Financial analyst Shane Nagle has reaffirmed his "outperform" recommendation for Osisko Gold Royalties. The Globe's David Leeder writes in the Eye On Equities column that Mr. Nagle has an unchanged $27 share target. Analysts on average target the shares at $25.21. Mr. Nagle says in a note: "[Osisko] is trading at a discounted 1.03 times P/ NAV relative to Junior royalty peers (TFPM, SSL) at 1.24 times and Senior peers (FNV, WPM and RGLD) at 2.35 times. Despite some near-term uncertainty in the CEO role, given the company's near-term growth pipeline is being driven by expansion initiatives at producing operations, there's scope for a further rerating given the depressed valuation relative to royalty peers and significance of Canadian Malartic as a cornerstone asset." The Globe reported on Dec. 13 that Canaccord rated Osisko Mining "speculative buy." It was then worth $3.60. The Globe reported on May 4 that Scotia Capital analyst Ovais Habib rated Osisko "sector outperform." It was then worth $3.81. The Globe reported on June 20 that Canaccord Genuity analyst Jeremy Hoy rated Osisko Mining with a "speculative buy." It was then worth $3.24.