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

Osisko Metals Incorporated (CVE:OM) shares shot 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.

Wall Street Analyst Weigh In

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

Osisko Metals Trading Up 5.1%

The company has a market capitalization of C$116.17 million, a PE 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. The stock has a fifty day moving average of C$0.41 and a two-hundred day moving average of 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.