Osisko Mining Inc (TSE:OSK) shares dropped 7.6% on Friday . The stock traded as low as C$2.91 and last traded at C$2.93. Approximately 11,811 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 775,203 shares. The stock had previously closed at C$3.17.
Several brokerages have commented on OSK. Eight Capital decreased their price target on shares of Osisko Mining from C$2.65 to C$2.60 and set a “c$2.14” rating on the stock in a research note on Wednesday, July 18th. National Bank Financial reiterated an “outperform” rating and issued a C$4.10 price target on shares of Osisko Mining in a research note on Friday, August 17th. Canaccord Genuity decreased their price target on shares of Osisko Mining from C$20.00 to C$19.50 in a research note on Tuesday, July 24th. BMO Capital Markets decreased their price target on shares of Osisko Mining from C$5.00 to C$4.50 and set a “c$2.09” rating on the stock in a research note on Thursday, July 19th. Finally, Desjardins decreased their price target on shares of Osisko Mining from C$4.50 to C$4.00 in a research note on Monday, October 1st. Three equities research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus price target of C$6.37.
Osisko Mining (TSE:OSK) last announced its quarterly earnings results on Thursday, August 9th. The mining company reported C($0.03) EPS for the quarter, hitting the consensus estimate of C($0.03).
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 properties include the Windfall Lake property that consists of 285 mining claims covering an area of approximately 12,400 hectares (ha) located between Val-d'Or and Chibougamau, Québec; and the Marban Block property, which comprises 30 mining claims and 3 mining concessions covering an area of 1,023.13 ha located between Val-d'Or and Malartic, Québec.
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