Osisko Mining (TSE:OSK) Receives Outperform Rating from CIBC

CIBC reiterated their outperform rating on shares of Osisko Mining (TSE:OSK) in a report released on Tuesday, Stock Target Advisor reports. They currently have a C$6.25 target price on the mining company’s stock.

Separately, Royal Bank of Canada reissued a $5.50 rating on shares of Osisko Mining in a research report on Friday, August 27th.

OSK stock opened at C$2.78 on Tuesday. The company has a quick ratio of 8.06, a current ratio of 8.28 and a debt-to-equity ratio of 0.09. The company has a market capitalization of C$978.75 million and a price-to-earnings ratio of -54.51. Osisko Mining has a 12 month low of C$2.67 and a 12 month high of C$4.45. The firm has a 50 day moving average of C$3.00 and a two-hundred day moving average of C$3.09.

In other news, Director Jose Vizquerra bought 10,000 shares of the stock in a transaction dated Thursday, July 29th. The shares were acquired at an average price of C$3.19 per share, with a total value of C$31,900.00. Following the acquisition, the director now owns 336,011 shares in the company, valued at C$1,071,875.09. Also, Director John Feliks Burzynski bought 9,900 shares of the stock in a transaction dated Wednesday, August 18th. The stock was purchased at an average cost of C$2.74 per share, for a total transaction of C$27,126.00. Following the acquisition, the director now owns 773,700 shares in the company, valued at approximately C$2,119,938. Insiders bought 51,682 shares of company stock valued at $150,159 over the last 90 days.

Osisko Mining Company Profile

Osisko Mining Inc, a mineral exploration company, engages in the acquisition, exploration, and development of gold resource properties in Canada. Its flagship project is the Windfall Lake property that consists of 285 mining claims covering an area of approximately 12,467 hectares located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Quebec.

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