Osisko Mining (TSE:OSK) Price Target Raised to C$4.00

Osisko Mining (TSE:OSKGet Rating) had its price objective raised by stock analysts at National Bankshares from C$3.75 to C$4.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the mining company’s stock. National Bankshares’ price objective would indicate a potential upside of 12.68% from the stock’s current price.

A number of other brokerages also recently weighed in on OSK. Eight Capital decreased their price objective on shares of Osisko Mining from C$7.00 to C$6.50 in a research report on Wednesday, October 26th. Canaccord Genuity Group decreased their price objective on shares of Osisko Mining from C$6.25 to C$6.00 in a research report on Monday, December 12th. Raymond James reduced their price target on shares of Osisko Mining from C$4.75 to C$4.50 and set an “outperform” rating for the company in a research report on Tuesday, November 29th. Royal Bank of Canada reduced their price target on shares of Osisko Mining from C$6.50 to C$5.50 and set an “outperform” rating for the company in a research report on Wednesday, December 21st. Finally, Scotiabank set a C$4.25 price target on shares of Osisko Mining and gave the stock a “sector perform” rating in a research report on Wednesday, October 12th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$5.14.

Osisko Mining Trading Up 1.4 %

TSE OSK opened at C$3.55 on Friday. The company has a fifty day moving average of C$3.56 and a 200 day moving average of C$3.09. The company has a market capitalization of C$1.23 billion and a PE ratio of -253.57. Osisko Mining has a 1 year low of C$2.36 and a 1 year high of C$5.02. The company has a debt-to-equity ratio of 13.60, a current ratio of 6.20 and a quick ratio of 5.83.

Osisko Mining (TSE:OSKGet Rating) last issued its quarterly earnings data on Wednesday, November 9th. The mining company reported C($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.01). Research analysts forecast that Osisko Mining will post -0.05 earnings per share for the current year.

Insider Activity at Osisko Mining

In related news, Director Pierre Labbé sold 11,900 shares of the company’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of C$3.01, for a total transaction of C$35,819.00. Following the completion of the sale, the director now owns 19,000 shares of the company’s stock, valued at approximately C$57,190. In related news, Director Pierre Labbé sold 11,900 shares of the company’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of C$3.01, for a total transaction of C$35,819.00. Following the completion of the sale, the director now owns 19,000 shares of the company’s stock, valued at approximately C$57,190. Also, Director John Feliks Burzynski sold 250,000 shares of the stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of C$3.16, for a total transaction of C$790,500.00. Following the completion of the sale, the director now directly owns 713,700 shares of the company’s stock, valued at approximately C$2,256,719.40. In the last quarter, insiders sold 461,900 shares of company stock valued at $1,560,949.

About Osisko Mining

(Get Rating)

Osisko Mining Inc, a mineral exploration company, engages in the acquisition, exploration, and development of gold resource properties in Canada. Its flagship project is its 100% interest in the Windfall Lake property that consists of 286 mining claims covering an area of approximately 12,523 hectares located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Quebec.

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Analyst Recommendations for Osisko Mining (TSE:OSK)

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