Osisko Metals (CVE:OM) Stock Price Up 5.1% – Here’s What Happened

Osisko Metals Incorporated (CVE:OM) shares traded up 5.1% during mid-day trading on Tuesday . The stock traded as high as C$0.43 and last traded at C$0.41. Approximately 396,648 shares were traded during trading, a decline of 34% from the average session volume of 598,992 shares. The stock had previously closed at C$0.40.

Analysts Set New Price Targets

Separately, National Bank Financial raised their price target on Osisko Metals from C$2.00 to C$2.25 and gave the stock an “outperform” rating in a research report on Tuesday, July 14th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Osisko Metals currently has a consensus rating of “Buy” and a consensus price target of C$88.62.

Osisko Metals Price Performance

The company’s 50-day moving average is C$0.41 and its 200-day moving average is C$0.41. The firm has a market cap of C$116.17 million, a price-to-earnings ratio of -14.97 and a beta of 0.97. The company has a current ratio of 1.22, a quick ratio of 0.70 and a debt-to-equity ratio of 36.22.

About Osisko Metals

Osisko Metals Incorporated, together with its subsidiaries, engages in the exploration and evaluation of based metal properties in Canada. The company holds interest in the Pine Point project located on the south shore of Great Slave Lake in the Northwest Territories; and 100% interest in the Gaspé Copper project that hosts the undeveloped copper resource located near Murdochville in the Gaspé peninsula of Québec. It also holds interests in the Mount Copper expansion project hosts the undeveloped copper resource in Eastern North America.