Osisko Metals (CVE:OM) Stock Price Up 5.1% – Still a Buy?

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

Analysts Set New Price Targets

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

Osisko Metals Trading Up 5.1%

The firm has a fifty day simple moving average of C$0.41 and a two-hundred day simple moving average of C$0.42. The firm has a market capitalization of C$116.17 million, a P/E ratio of -14.97 and a beta of 0.97. The company has a debt-to-equity ratio of 29.52, a current ratio of 1.50 and a quick ratio of 0.70.

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.