Analyst Rene Cartier from BMO Capital maintained a Hold rating on Osisko Gold Royalties and increased the price target to C$36.00 from C$33.00.
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Rene Cartier has given his Hold rating due to a combination of factors including Osisko Gold Royalties’ recent performance and financial position. The company’s preliminary gold equivalent ounces (GEOs) for the second quarter of 2025 fell short of expectations, which led to a downward revision of quarterly estimates. Additionally, while the company has been proactive in reducing its revolving credit facility, the repayment was slightly less than anticipated, indicating a cautious approach to managing its financial resources.
Despite these challenges, Osisko Gold Royalties maintains a robust portfolio of long-life assets in stable jurisdictions, which are generally low-cost. The company is also on track to meet its annual production guidance. However, the current valuation of the company is seen as being in line with or slightly above its peers, which suggests limited upside potential in the near term. These factors collectively contribute to the Hold rating, reflecting a balanced view of the company’s prospects.
In another report released yesterday, Scotiabank also maintained a Hold rating on the stock with a $28.00 price target.
Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OR in relation to earlier this year.