OR Royalties (OR) Receives a Rating Update from a Top Analyst

RBC Capital analyst Josh Wolfson maintained a Buy rating on OR Royalties on March 16 and set a price target of $56.00. The company’s shares closed yesterday at C$55.06.

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According to TipRanks, Wolfson is a top 100 analyst with an average return of 23.5% and a 67.90% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Royal Gold, Franco-Nevada, and Barrick Mining.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for OR Royalties with a $51.95 average price target.

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.