Osisko Mining (TSE:OSK) Share Price Passes Above 50-Day Moving Average of $2.75

Shares of Osisko Mining Inc. (TSE:OSK) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$2.75 and traded as high as C$3.24. Osisko Mining shares last traded at C$3.21, with a volume of 1,942,033 shares.

Wall Street Analyst Weigh In

Separately, Raymond James dropped their target price on Osisko Mining from C$4.50 to C$3.50 in a research report on Monday, March 18th.

Osisko Mining Trading Up 4.9 %

The company has a debt-to-equity ratio of 12.64, a current ratio of 44.39 and a quick ratio of 5.83. The business has a 50 day moving average of C$2.75 and a 200 day moving average of C$2.70. The firm has a market capitalization of C$1.19 billion, a price-to-earnings ratio of 5.44 and a beta of 1.33.

Osisko Mining (TSE:OSK) last announced its quarterly earnings data on Monday, March 4th. The mining company reported C($0.02) EPS for the quarter. As a group, research analysts predict that Osisko Mining Inc. will post -0.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Pascal Simard acquired 11,811 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was acquired at an average cost of C$2.54 per share, with a total value of C$29,999.94. 15.03% of the stock is owned by insiders.

About Osisko Mining

Osisko Mining Inc, a mineral exploration company, engages in the acquisition, exploration, and development of precious mineral deposits in Canada. The company primarily explores for gold deposits. It holds interest in the Windfall Lake Project, Quévillon Osborne Project, and Urban-Barry Project located in Québec, Canada; and Phoenix Properties located in Québec, Canada.