Haywood downgrades Osisko Gold on lower deliveries than expected

OR Royalties

10/04/2023 13:30

** Haywood Securities lowers Osisko Gold Royalties Ltd's
 OR.TO  rating to "hold" from "buy"; maintains C$23 PT
    ** Says OR's deliveries of about 23,111 gold-equivalent
ounces in the first quarter was 9% below its estimate
    ** This is typically a lower production quarter historically
for Osisko, with most of the shortfall at Eagle - Haywood
    ** OR will release first-quarter financials after market
close on Wednesday May 10
    ** 10 of 12 brokerages rate the stock "buy" or higher and 2
"hold"; their median PT is C$23.42
    ** Up to Friday's close, stock had risen 37% YTD on the
Toronto Stock Exchange

 (Reporting by Arshreet Singh in Bengaluru)
 ((Arshreet.Singh@thomsonreuters.com))