National Bank Financial reiterated their outperform rating on shares of Osisko Mining (TSE:OSK) in a research report sent to investors on Friday, BayStreet.CA reports. National Bank Financial currently has a C$4.10 price objective on the mining company’s stock.
Several other equities research analysts have also recently weighed in on the stock. Eight Capital upgraded shares of Osisko Mining from a neutral rating to a buy rating and increased their target price for the company from C$2.60 to C$4.50 in a research note on Monday, September 16th. TD Securities reduced their target price on shares of Osisko Mining from C$14.50 to C$13.50 and set a hold rating for the company in a research note on Friday, November 8th. CIBC increased their target price on shares of Osisko Mining from C$4.50 to C$5.00 in a research note on Friday, August 9th. Beacon Securities upgraded shares of Osisko Mining from a hold rating to a buy rating in a research note on Monday, October 28th. Finally, Desjardins increased their target price on shares of Osisko Mining from C$4.00 to C$4.50 and gave the company a speculative buy rating in a research note on Monday, August 26th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of C$6.32.
Shares of TSE OSK traded down C$0.01 during mid-day trading on Friday, hitting C$2.80. The company had a trading volume of 454,000 shares, compared to its average volume of 475,833. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.57 and a quick ratio of 5.52. The business’s 50-day simple moving average is C$2.98 and its 200-day simple moving average is C$3.23. Osisko Mining has a 12 month low of C$2.38 and a 12 month high of C$3.90. The firm has a market cap of $769.70 million and a P/E ratio of -11.38.
Osisko Mining (TSE:OSK) last released its earnings results on Tuesday, August 13th. The mining company reported C($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.02) by C($0.01). As a group, sell-side analysts predict that Osisko Mining will post -0.05 EPS for the current year.
In other Osisko Mining news, Director John Feliks Burzynski sold 325,000 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$3.52, for a total transaction of C$1,144,325.00. Following the completion of the transaction, the director now owns 1,980,600 shares in the company, valued at C$6,973,692.60. Also, Senior Officer Robert Wares purchased 40,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were acquired at an average price of C$2.98 per share, with a total value of C$119,200.00. Following the purchase, the insider now owns 1,534,585 shares of the company’s stock, valued at C$4,573,063.30. In the last 90 days, insiders have sold 405,000 shares of company stock valued at $1,395,955.
About Osisko Mining
Osisko Mining Inc, a mineral exploration company, engages in the acquisition, exploration, and development of precious metals resource properties in Canada. The company primarily explores for gold and silver. Its flagship project is the Windfall Lake property that consists of 285 mining claims covering an area of approximately 12,400 hectares located between Val-d'Or and Chibougamau, Québec.
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