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.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
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