Osisko Metals (CVE:OM) Shares Climb 5.1% – Here’s Why

Osisko Metals Incorporated (CVE:OM)’s share price was up 5.1% on Tuesday. The company traded as high as C$0.43 and last traded at C$0.41. Approximately 396,648 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 598,992 shares. The stock had previously closed at C$0.40.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial boosted their price target on Osisko Metals from C$2.00 to C$2.25 and gave the company an “outperform” rating in a research report on Tuesday, July 14th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Osisko Metals currently has a consensus rating of “Buy” and an average price target of C$88.62.

Osisko Metals Trading Up 5.1%

The firm’s 50 day simple moving average is C$0.41 and its 200-day simple moving average is C$0.41. The company has a market capitalization of C$116.17 million, a PE ratio of -14.97 and a beta of 0.97. The company has a quick ratio of 0.70, a current ratio of 1.50 and a debt-to-equity ratio of 29.52.

Osisko Metals Company Profile

Osisko Metals Incorporated, together with its subsidiaries, engages in the exploration and evaluation of based metal properties in Canada. The company holds interest in the Pine Point project located on the south shore of Great Slave Lake in the Northwest Territories; and 100% interest in the Gaspé Copper project that hosts the undeveloped copper resource located near Murdochville in the Gaspé peninsula of Québec. It also holds interests in the Mount Copper expansion project hosts the undeveloped copper resource in Eastern North America.