Osisko Mining (TSE:OSK) Reaches New 52-Week High – Here’s What Happened

Osisko Mining Inc. (TSE:OSK)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as C$4.90 and last traded at C$4.89, with a volume of 45150 shares changing hands. The stock had previously closed at C$4.88.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on OSK shares. Scotiabank downgraded Osisko Mining from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from C$4.25 to C$4.90 in a research report on Monday, August 19th. Raymond James lowered shares of Osisko Mining from an “outperform” rating to a “market perform” rating and increased their target price for the company from C$3.25 to C$4.90 in a report on Tuesday, August 13th. National Bankshares cut their price target on shares of Osisko Mining from C$5.50 to C$4.90 in a research report on Monday, September 23rd. BMO Capital Markets lowered Osisko Mining from an “outperform” rating to a “market perform” rating and lowered their target price for the company from C$5.75 to C$4.90 in a research note on Tuesday, August 13th. Finally, CIBC cut Osisko Mining from an “outperform” rating to a “tender” rating and increased their target price for the company from C$4.75 to C$4.90 in a report on Tuesday, August 13th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Osisko Mining currently has a consensus rating of “Hold” and a consensus target price of C$5.04.

Osisko Mining Trading Up 0.2 %

The stock has a market cap of C$1.79 billion, a PE ratio of -488.00 and a beta of 1.44. The firm has a 50-day moving average price of C$4.69 and a 200-day moving average price of C$3.62. The company has a debt-to-equity ratio of 13.65, a quick ratio of 5.83 and a current ratio of 41.64.

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.