The Globe and Mail reports in its Tuesday, Jan. 16, edition that National Bank Financial analyst Shane Nagle has reiterated his "outperform" rating for Osisko Gold Royalties. The Globe's David Leeder writes in the Eye On Equities column that Mr. Nagle raised his share target by a loonie to $25. Analysts on average target the shares at $24.46. Mr. Nagle says in a note: "Osisko Gold Royalties maintains an attractive near-term growth outlook with three- and five-year growth CAGR's of nine per cent and 10 per cent. With a new CEO and chairman in place, the company will pursue additional growth via traditional royalty/streaming transactions with a continued focus on politically stable jurisdictions. As we are forecasting strong FCF throughout the royalty sector at current gold prices, a competitive deal environment is likely to contribute to increased competition for quality opportunities and lead to consolidation within the industry. We view several companies in the sector motivated to acquire Osisko's high-quality portfolio given its strong near-term growth pipeline, largely derived from politically stable jurisdictions including: Canadian Malartic, Eagle, Island Gold, Mantos Blancos and the CSA mine."