Osisko Mining (TSE:OSK) Sets New 12-Month High at $4.88

Osisko Mining Inc. (TSE:OSK) reached a new 52-week high during trading on Monday . The company traded as high as C$4.88 and last traded at C$4.87, with a volume of 696509 shares trading hands. The stock had previously closed at C$4.87.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on OSK shares. Scotiabank lowered shares of Osisko Mining from an “outperform” rating to a “sector perform” rating and upped their target price for the company from C$4.25 to C$4.90 in a research note on Monday, August 19th. CIBC lowered Osisko Mining from an “outperform” rating to a “tender” rating and upped their price target for the company from C$4.75 to C$4.90 in a research report on Tuesday, August 13th. BMO Capital Markets downgraded shares of Osisko Mining from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from C$5.75 to C$4.90 in a report on Tuesday, August 13th. Finally, Raymond James cut shares of Osisko Mining from an “outperform” rating to a “market perform” rating and increased their target price for the stock from C$3.25 to C$4.90 in a report on Tuesday, August 13th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$5.62.

Osisko Mining Price Performance

The company has a quick ratio of 5.83, a current ratio of 41.64 and a debt-to-equity ratio of 13.65. The business has a 50-day simple moving average of C$4.00 and a two-hundred day simple moving average of C$3.32. The stock has a market capitalization of C$1.78 billion, a price-to-earnings ratio of -488.00 and a beta of 1.44.

Osisko Mining Company Profile

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.