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

Shares of Osisko Metals Incorporated (CVE:OM) traded up 5.1% during mid-day trading on Wednesday . The company traded as high as C$0.43 and last traded at C$0.42. 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.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. National Bank Financial upped their price objective on shares of Osisko Metals from C$1.50 to C$2.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. BMO Capital Markets set a C$175.00 price objective on shares of Osisko Metals and gave the stock an “outperform” rating in a research report on Thursday, February 19th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$88.50.

Osisko Metals Stock Up 5.1%

The company has a debt-to-equity ratio of 36.22, a quick ratio of 0.70 and a current ratio of 1.22. The stock has a market capitalization of C$116.17 million, a P/E ratio of -14.97 and a beta of 0.97. The stock’s fifty day simple moving average is C$0.41 and its two-hundred day simple moving average is C$0.41.

Osisko Metals Company Profile

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.