Osisko Mining (OSK) Trading Up 11.5%

Osisko Mining Inc (TSE:OSK)’s share price was up 11.5% during mid-day trading on Thursday . The company traded as high as C$3.19 and last traded at C$3.19. Approximately 1,118,991 shares traded hands during trading, an increase of 48% from the average daily volume of 754,482 shares. The stock had previously closed at C$2.86.

A number of equities analysts have issued reports on OSK shares. National Bank Financial lowered their target price on Osisko Mining from C$4.50 to C$4.10 and set a “c$2.14” rating for the company in a report on Wednesday, July 18th. Eight Capital decreased their price objective on Osisko Mining from C$2.65 to C$2.60 and set a “c$2.14” rating for the company in a report on Wednesday, July 18th. BMO Capital Markets decreased their price objective on Osisko Mining from C$5.00 to C$4.50 and set a “c$2.09” rating for the company in a report on Thursday, July 19th. Canaccord Genuity decreased their price objective on Osisko Mining from C$20.00 to C$19.50 in a report on Tuesday, July 24th. Finally, Desjardins decreased their price objective on Osisko Mining from C$4.50 to C$4.00 in a report on Monday, October 1st. Three analysts have rated the stock with a buy rating, Osisko Mining currently has a consensus rating of “Buy” and a consensus target price of C$6.94.

Osisko Mining (TSE:OSK) last announced its quarterly earnings data on Thursday, August 9th. The mining company reported C($0.03) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of C($0.03).

In related news, Director André Gaumond acquired 50,000 shares of the firm’s stock in a transaction dated Wednesday, July 25th. The stock was bought at an average price of C$2.16 per share, for a total transaction of C$108,000.00.

Osisko Mining Company Profile (TSE:OSK)

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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