Scotiabank analyst Tanya Jakusconek downgraded OR Royalties (OR) to Sector Perform from Outperform with a price target of $41, up from $33. The firm cites valuation for the downgrade. OR also has less sensitivity to higher gold prices relative to others in the minerals group, the analyst tells investors in a research note. Operators are preferred to streamers at this point, contends Scotiabank.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OR:
- OR Royalties downgraded to Sector Perform from Outperform at Scotiabank
- OR Royalties upgraded to Buy from Hold at Canaccord
- OR Royalties price target raised to C$61 from C$43 at Stifel
- Kering in Talks to Sell Beauty Unit to L’Oréal in $4 Billion Deal
- OR Royalties price target raised to C$86 from C$57 at CIBC