Scotiabank upgraded Osisko Gold (OR) to Outperform from Sector Perform with a price target of $24, up from $22. The firm upgraded the shares after increasing its gold price forecast to $3,000, $2,800, and $2,500 for 2025, 2026, and 2027 respectively. It believes there is less risk in the streamers than operators if tariffs are implemented. Owning the streamers is a more defensive stance in this current gold market, the analyst tells investors in a research note.
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Read More on OR:
- Osisko Gold Royalties: Hold Rating Amid Lower Production and Limited Upside Potential
- Osisko Gold Royalties Reports Strong Q1 2025 Financial Results
- Osisko Gold earns 19,014 attributable GEOs in Q1
- Osisko Gold Royalties Announces Shareholder Meeting and Strategic Updates
- Osisko Gold price target raised to $25.50 from $23 at Raymond James
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