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RBC Capital Reaffirms Their Buy Rating on OR Royalties (OR)

Tipranks - Fri Mar 13, 9:06PM CDT

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 Royal Gold, Barrick Mining, and Triple Flag Precious Metals. According to TipRanks, Wolfson has an average return of 25.7% and a 70.29% success rate on recommended stocks.

OR Royalties has an analyst consensus of Moderate Buy, with a price target consensus of $50.98.

Based on OR Royalties’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$126.14 million and a net profit of C$90.97 million. In comparison, last year the company earned a revenue of C$64.01 million and had a net profit of C$7.75 million

Based on the recent corporate insider activity of 65 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.

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