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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: fringe who wrote (30593)	6/7/2017 8:57:54 AM
From: Goose94	Read Replies (1) \| Respond to of 202706

Osisko Gold Royalties (OR-T) analysts offered a mixed reaction to Osisko Gold Royalties' ($16.66) $1.13-billion acquisition of a precious metals portfolio from U.S. private equity firm Orion Mine Finance Group. Montreal-based Osisko announced it will pay Orion $675-million in cash and the remaining $450-million in its shares for the assets. The Caisse de depot et placement du Quebec and the Fonds de solidarite FTQ will finance nearly 41 per cent, about $275-million, of the cash portion of the deal via a private placement of Osisko common shares. Osisko's shares jumped 13.54 per cent in reaction to the deal. In response, TD Securities analyst Carey Macrury downgraded Osisko to "hold" from "buy" with a target of $19, down $19.50. Analysts on average target the shares at $18.45. Meanwhile, Cormark Securities analyst Richard Gray upgraded his recommendation to "buy" from "market perform" and raised his target to $22.50 from $17.50. Canaccord Genuity analyst Tony Lesiak bumped his target to $21.50 from $20, maintaining a "buy" rating.