The latest analyst coverage could presage a bad day for Osisko Gold (TSE:OR), with the analysts making across-the-board cuts to their statutory estimates that might leave shareholders a little shell-shocked. Revenue estimates were cut sharply as analysts signalled a weaker outlook – perhaps a sign that investors should temper their expectations as well.
Following the downgrade, the latest consensus from Osisko GoldGold
See our latest analysis for Osisko Gold
TSX:OR Earnings and Revenue Growth May 16th 2021
We’d point out that there was no major changes to their price target of CA$22.75, suggesting the latest estimates were not enough to shift their view on the value of the business. There’s another way to think about price targets though, and that’s to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. The most optimistic Osisko Gold
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. It’s pretty clear that there is an expectation that Osisko GoldGold
The Bottom Line
The clear low-light was that analysts slashing their revenue forecasts for Osisko GoldGold
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Another way to search for interesting companies that could be reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies that insiders are buying.
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