Osisko Mining (TSE:OSK) Share Price Passes Above 50-Day Moving Average of $2.75

Osisko Mining Inc. (TSE:OSK) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$2.75 and traded as high as C$3.24. Osisko Mining shares last traded at C$3.21, with a volume of 1,942,033 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Raymond James lowered their target price on Osisko Mining from C$4.50 to C$3.50 in a research report on Monday, March 18th.

Osisko Mining Stock Performance

The firm has a market capitalization of C$1.19 billion, a P/E ratio of 5.44 and a beta of 1.33. The company has a current ratio of 44.39, a quick ratio of 5.83 and a debt-to-equity ratio of 12.64. The company has a 50-day moving average of C$2.75 and a 200-day moving average of C$2.70.

Osisko Mining (TSE:OSK) last announced its earnings results on Monday, March 4th. The mining company reported C($0.02) earnings per share (EPS) for the quarter. On average, equities analysts anticipate that Osisko Mining Inc. will post -0.05 earnings per share for the current fiscal year.

Insider Transactions at Osisko Mining

In other Osisko Mining news, Senior Officer Pascal Simard acquired 11,811 shares of the stock in a transaction dated Tuesday, February 20th. The stock was purchased at an average cost of C$2.54 per share, with a total value of C$29,999.94. Corporate insiders own 15.03% of the company’s stock.

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.