Osisko Mining (TSE:OSK) had its price target cut by equities researchers at National Bank Financial from C$5.50 to C$4.50 in a research report issued on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the mining company’s stock. National Bank Financial’s price target would indicate a potential upside of 73.08% from the company’s current price.
Shares of OSK stock opened at C$2.60 on Wednesday. The company has a market capitalization of $762.77 million and a price-to-earnings ratio of -7.81. The company has a debt-to-equity ratio of 0.81, a quick ratio of 5.01 and a current ratio of 5.05. The company has a 50-day simple moving average of C$3.07 and a 200 day simple moving average of C$3.25. Osisko Mining has a 52 week low of C$1.67 and a 52 week high of C$4.19.
In other Osisko Mining news, Director Bryan A. Coates sold 15,900 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of C$4.00, for a total value of C$63,600.00. Following the completion of the sale, the director now owns 543,880 shares of the company’s stock, valued at approximately C$2,175,520. Also, Director John Feliks Burzynski sold 20,000 shares of the business’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of C$3.90, for a total transaction of C$78,000.00. Following the completion of the sale, the director now directly owns 1,369,100 shares of the company’s stock, valued at approximately C$5,339,490. Insiders have sold a total of 310,489 shares of company stock valued at $1,202,467 in the last ninety days.
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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