Osisko Mining (TSE:OSK) Price Target Cut to C$5.50

Osisko Mining (TSE:OSKGet Rating) had its target price reduced by analysts at Haywood Securities from C$6.50 to C$5.50 in a research note issued on Thursday, BayStreet.CA reports. Haywood Securities’ price target would indicate a potential upside of 42.12% from the stock’s previous close.

A number of other analysts also recently commented on the stock. CIBC dropped their target price on shares of Osisko Mining from C$5.25 to C$5.00 and set an “outperform” rating on the stock in a report on Wednesday, March 1st. BMO Capital Markets lifted their target price on shares of Osisko Mining from C$5.25 to C$5.75 in a research note on Wednesday. National Bankshares lifted their target price on shares of Osisko Mining from C$4.00 to C$6.00 in a research note on Tuesday, April 18th. Finally, Scotiabank cut their target price on shares of Osisko Mining from C$4.50 to C$4.25 in a research note on Wednesday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$5.44.

Osisko Mining Stock Up 1.6 %

OSK stock opened at C$3.87 on Thursday. Osisko Mining has a 52 week low of C$2.36 and a 52 week high of C$4.53. The company has a market capitalization of C$1.49 billion, a price-to-earnings ratio of -193.50 and a beta of 0.90. The firm’s 50-day moving average is C$3.71 and its two-hundred day moving average is C$3.48. The company has a current ratio of 5.47, a quick ratio of 5.83 and a debt-to-equity ratio of 14.78.

About Osisko Mining

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Osisko Mining Inc, a mineral exploration company, engages in the acquisition, exploration, and development of gold resource properties in Canada. Its flagship project is its 100% interest in the Windfall Lake property that consists of 286 mining claims covering an area of approximately 12,523 hectares located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Quebec.

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