Osisko Mining (TSE:OSK) Hits New 52-Week High at $4.88

Osisko Mining Inc. (TSE:OSK)’s stock price hit a new 52-week high on Monday . The stock traded as high as C$4.88 and last traded at C$4.87, with a volume of 696509 shares changing hands. The stock had previously closed at C$4.87.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on OSK. CIBC downgraded shares of Osisko Mining from an “outperform” rating to a “tender” rating and lifted their price target for the company from C$4.75 to C$4.90 in a report on Tuesday, August 13th. Scotiabank downgraded shares of Osisko Mining from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from C$4.25 to C$4.90 in a report on Monday, August 19th. Raymond James downgraded shares of Osisko Mining from an “outperform” rating to a “market perform” rating and lifted their price target for the company from C$3.25 to C$4.90 in a report on Tuesday, August 13th. Finally, BMO Capital Markets downgraded shares of Osisko Mining from an “outperform” rating to a “market perform” rating and lowered their price target for the company from C$5.75 to C$4.90 in a report on Tuesday, August 13th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$5.62.

Osisko Mining Stock Performance

The stock has a market cap of C$1.78 billion, a P/E ratio of -486.00 and a beta of 1.44. The company has a debt-to-equity ratio of 13.65, a current ratio of 41.64 and a quick ratio of 5.83. The firm’s 50-day moving average price is C$4.06 and its 200-day moving average price is C$3.36.

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.