RBC Capital Sticks to Its Buy Rating for OR Royalties (OR)

RBC Capital analyst Josh Wolfson maintained a Buy rating on OR Royalties yesterday and set a price target of $56.00.

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Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Royal Gold, and OR Royalties. According to TipRanks, Wolfson has an average return of 22.4% and a 66.46% success rate on recommended stocks.

Currently, the analyst consensus on OR Royalties is a Moderate Buy with an average price target of $51.09.

Based on OR Royalties’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$101.15 million and a net profit of C$72.38 million. In comparison, last year the company earned a revenue of C$55.48 million and had a net profit of C$25.91 million

Based on the recent corporate insider activity of 66 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.