Shares of Osisko Gold Royalties (OR) are soaring 5.00% in Monday's intraday trading session, following a significant analyst upgrade. The stock's upward movement comes as investors react positively to the improved outlook for the company.

Scotiabank has raised its rating on Osisko Gold Royalties from Sector Perform to Sector Outperform. This upgrade indicates that Scotiabank's analysts now have a more optimistic view of the company's future performance relative to its peers in the sector. The change in rating suggests that Osisko Gold Royalties may be well-positioned to outperform other companies in its industry.

Analyst upgrades often lead to increased investor confidence and can trigger buying activity in the market. As Osisko Gold Royalties continues to trade higher, investors and market participants will likely be watching closely for any additional information or guidance that could further support this positive sentiment. The company's future performance and ability to meet or exceed the expectations set by this upgrade will be key factors to monitor in the coming months.