Osisko Mining (TSE:OSK) Sets New 52-Week High – Should You Buy?

Osisko Mining Inc. (TSE:OSK)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as C$4.90 and last traded at C$4.89, with a volume of 84398 shares changing hands. The stock had previously closed at C$4.90.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. National Bankshares dropped their price target on Osisko Mining from C$5.50 to C$4.90 in a research report on Monday, September 23rd. BMO Capital Markets cut shares of Osisko Mining from an “outperform” rating to a “market perform” rating and cut their target price for the company from C$5.75 to C$4.90 in a research note on Tuesday, August 13th. CIBC lowered shares of Osisko Mining from an “outperform” rating to a “tender” rating and raised their price target for the stock from C$4.75 to C$4.90 in a research report on Tuesday, August 13th. Raymond James lowered shares of Osisko Mining from an “outperform” rating to a “market perform” rating and upped their price objective for the company from C$3.25 to C$4.90 in a research report on Tuesday, August 13th. Finally, Scotiabank downgraded Osisko Mining from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from C$4.25 to C$4.90 in a research report on Monday, August 19th.

Osisko Mining Price Performance

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 stock’s 50 day simple moving average is C$4.85 and its two-hundred day simple moving average is C$3.70. The stock has a market cap of C$1.79 billion, a price-to-earnings ratio of -489.00 and a beta of 1.44.

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.