National Bank Financial Reaffirms Outperform Rating for Osisko Mining (TSE:OSK)

Osisko Mining (TSE:OSK)‘s stock had its “outperform” rating reiterated by research analysts at National Bank Financial in a research report issued on Friday, BayStreet.CA reports. They presently have a C$4.10 target price on the mining company’s stock. National Bank Financial’s target price points to a potential upside of 46.43% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Desjardins upped their target price on shares of Osisko Mining from C$4.00 to C$4.50 and gave the company a “speculative buy” rating in a report on Monday, August 26th. Beacon Securities upgraded shares of Osisko Mining from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. CIBC boosted their price target on shares of Osisko Mining from C$4.50 to C$5.00 in a research note on Friday, August 9th. Eight Capital upgraded shares of Osisko Mining from a “neutral” rating to a “buy” rating and boosted their price target for the stock from C$2.60 to C$4.50 in a research note on Monday, September 16th. Finally, TD Securities dropped their price target on shares of Osisko Mining from C$14.50 to C$13.50 and set a “hold” rating on the stock in a research note on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Osisko Mining has an average rating of “Buy” and an average target price of C$6.32.

Shares of TSE:OSK opened at C$2.80 on Friday. The company has a 50-day simple moving average of C$2.98 and a 200-day simple moving average of C$3.23. Osisko Mining has a one year low of C$2.38 and a one year high of C$3.90. The company has a debt-to-equity ratio of 0.45, a quick ratio of 5.52 and a current ratio of 5.57. The stock has a market capitalization of $769.70 million and a price-to-earnings ratio of -11.38.

Osisko Mining (TSE:OSK) last announced its earnings results on Tuesday, August 13th. The mining company reported C($0.03) EPS for the quarter, missing analysts’ consensus estimates of C($0.02) by C($0.01). As a group, research analysts forecast that Osisko Mining will post -0.05 EPS for the current fiscal year.

In other news, Director John Feliks Burzynski sold 325,000 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of C$3.52, for a total transaction of C$1,144,325.00. Following the transaction, the director now directly owns 1,980,600 shares in the company, valued at C$6,973,692.60. Also, Senior Officer Robert Wares purchased 40,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were purchased at an average price of C$2.98 per share, for a total transaction of C$119,200.00. Following the completion of the purchase, the insider now owns 1,534,585 shares of the company’s stock, valued at C$4,573,063.30. Over the last quarter, insiders have sold 405,000 shares of company stock worth $1,395,955.

About Osisko Mining

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 project is the Windfall Lake property that consists of 285 mining claims covering an area of approximately 12,400 hectares located between Val-d'Or and Chibougamau, Québec.

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Analyst Recommendations for Osisko Mining (TSE:OSK)

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