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On Wednesday, BMO Capital analysts raised the price target for Osisko Gold Royalties (NYSE: OR) stock to Cdn$33.00 from Cdn$31.00, while maintaining a Market Perform rating. The company, which has delivered an impressive 64.8% return over the past year according to InvestingPro data, received the adjustment following a portfolio update showcasing progress across several assets.
The portfolio update included the announcement of a new silver stream acquisition on the South Railroad project. With a robust gross profit margin of 96.5% and a healthy current ratio of 4.98, the majority of these assets are already part of the estimated net asset value, but potential inclusion in the company’s growth outlook is seen as a positive development.
BMO Capital analysts are keeping a close watch on updates regarding the Amulsar project, which has a significant history. The analysts noted that reintroducing this asset into their model could have favorable implications.
The revised price target reflects these developments, as analysts see potential growth opportunities for Osisko Gold Royalties. The company’s strategic moves, including the silver stream acquisition, are seen as steps toward enhancing its portfolio.
Osisko Gold Royalties continues to focus on expanding its asset base, and the latest updates highlight the company’s efforts to strengthen its growth prospects in the mining sector.
In other recent news, OR Royalties Inc. has secured a 100% silver stream on the South Railroad project in Nevada, operated by Orla Mining Ltd. This agreement involves Osisko Bermuda Limited, a subsidiary of OR Royalties, purchasing all recovered silver for the life of the mine at 15% of the market price, with a total consideration of $13 million. OR Royalties also reports progress on other projects, including the anticipated release of a Final Environmental Impact Statement for the Spring Valley gold project by July 2025. Meanwhile, Osisko Gold Royalties Ltd (NYSE:OR) has announced a 20% increase in its quarterly dividend, to be paid on July 15, 2025, reflecting a positive financial decision by its Board of Directors. The dividend reinvestment plan remains available for shareholders in Canada and the United States. Additionally, proxy advisors Institutional Shareholder Services and Glass Lewis (JO:LEWJ) & Co. have endorsed all proposed resolutions for Osisko Gold’s upcoming Annual and Special Meeting of Shareholders. These developments underscore the ongoing strategic moves by both OR Royalties and Osisko Gold in the precious metals sector.
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