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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (142235)4/19/2023 4:43:18 PM
From: Goose94Read Replies (2) of 203330
 
Osisko Gold Royalties (OR-T) top pick from Brian Madden on BNN.ca Market Call Wednesday April 19th @ 1200ET

Osisko Gold Royalties is a precious metals royalty and streaming company with 20 producing assets generating about 100,000 gold equivalent ounces and a further 30 development assets. The company’s biggest exposure is to Canadian Malartic, the second largest gold mine in Canada, and a mine the board and management team know well, having discovered and built it before selling it to the current operators a decade ago.

The existing portfolio can sustain a 10-12 per cent organic growth rate in gold equivalent ounces produced with little to no capital required. Accordingly, Osisko’s ample free cash flows in a rising gold price environment can flow entirely back to shareholders as dividends or share repurchases or fund growth in the royalty and streaming portfolios. Shares surged through an eight-year-long resistance level just under $19 one month ago. The breakout is a powerful and telling sign of momentum and investor accumulation. Even so, Osisko still trades at a discount to larger, better-known royalty businesses, but we expect the company will earn the admiration of investors and re-rate higher as gold prices continue to rise.

Latest purchase April 2023 at $22.57
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