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

To: Goose94 who wrote (30675)	6/7/2017 9:19:28 AM
From: Goose94	Read Replies (1) \| Respond to of 202706

Osisko Gold Royalties (OR-T) $1.125-billion acquisition of Orion Mine Finance's royalty portfolio provides both growth and diversification for the Montreal-based company. TD analyst Carey MacRury to downgrade Osisko to hold from buy, and trim his price target on the stock to $19 from $19.50. The analyst highlighted some of the streams that have buyback options, including Brucejack, which can be bought back as early as the end of 2018. There is also a 50-per-cent stream buyback option for the Amulsar stream in 2018, and the Mantos stream as early as 2020. If all of these streams are bought back by Orion at the earliest opportunity, Mr. MacRury estimates that Osisko's GEOs per share could still climb by 47 per cent by 2021, and EBITDA (earnings before interest, taxes, depreciation and amortization) per share could rise by 56 per cent. With the Brucejack mine expected to reach commercial production later in 2017, and Stornoway trying to deal with high diamond breakage levels at the Renard mine, the analyst advises caution.