Osisko Mining (TSE:OSK) Hits New 12-Month High – Here’s Why

Osisko Mining Inc. (TSE:OSK) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$4.90 and last traded at C$4.89, with a volume of 45150 shares trading hands. The stock had previously closed at C$4.88.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Raymond James lowered shares of Osisko Mining from an “outperform” rating to a “market perform” rating and boosted their price target for the company from C$3.25 to C$4.90 in a research note on Tuesday, August 13th. National Bankshares decreased their target price on shares of Osisko Mining from C$5.50 to C$4.90 in a research report on Monday, September 23rd. BMO Capital Markets cut shares of Osisko Mining from an “outperform” rating to a “market perform” rating and dropped their price target for the company from C$5.75 to C$4.90 in a research report on Tuesday, August 13th. Scotiabank lowered Osisko Mining from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from C$4.25 to C$4.90 in a report on Monday, August 19th. Finally, CIBC lowered Osisko Mining from an “outperform” rating to a “tender” rating and raised their target price for the company from C$4.75 to C$4.90 in a report on Tuesday, August 13th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$5.04.

Osisko Mining Trading Up 0.2 %

The company has a debt-to-equity ratio of 13.65, a current ratio of 41.64 and a quick ratio of 5.83. The firm’s fifty day moving average is C$4.77 and its two-hundred day moving average is C$3.65. The firm has a market capitalization of C$1.79 billion, a PE ratio of -490.00 and a beta of 1.44.

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.