Reported 29 days ago
Raymond James has raised its price target for OR Royalties Inc. (NYSE:OR) to $29 from $27.50, maintaining an 'Outperform' rating. This decision reflects the company's high-margin business model, diverse portfolio, and growth potential driven by strategic initiatives, particularly around its significant stake in Osisko Development Corp. Analysts suggest the Cariboo Gold Project may contribute to future production, despite not being included in the company’s current five-year growth forecast.
Source: YAHOO