BMO Capital analyst Rene Cartier maintained a Hold rating on Osisko Gold Royalties (OR – Research Report) yesterday and set a price target of C$30.00.
Rene Cartier has given his Hold rating due to a combination of factors impacting Osisko Gold Royalties. The company’s preliminary gold equivalent ounces (GEOs) for the first quarter of 2025 fell short of expectations, leading to a slight decrease in quarterly estimates. Although Osisko has made progress in reducing its revolving credit facility, the reported production figures were lower than anticipated, which could affect near-term financial performance.
Furthermore, while Osisko Gold Royalties holds a portfolio of high-quality, long-life royalties and streams in stable regions, the company faces development risks that could impact future growth. The current valuation of Osisko is considered to be in line with or slightly above its peers, which suggests limited upside potential in the stock price. These factors collectively contribute to the Hold rating, indicating a neutral outlook on the stock’s performance.
OR’s price has also changed slightly for the past six months – from $18.840 to $20.410, which is a 8.33% increase.