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

Shares of Osisko Metals Incorporated (CVE:OM) shot up 5.1% during mid-day trading on Wednesday . The stock traded as high as C$0.43 and last traded at C$0.42. 396,648 shares traded hands 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 Analysts Forecast Growth

Several equities analysts have weighed in on the company. National Bank Financial raised their price target on 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 target on Osisko Metals and gave the stock an “outperform” rating in a research report on Thursday, February 19th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Osisko Metals currently has a consensus rating of “Buy” and a consensus price target of C$88.50.

Osisko Metals Stock Up 5.1%

The company has a debt-to-equity ratio of 36.22, a current ratio of 1.22 and a quick ratio of 0.70. The firm has a 50-day simple moving average of C$0.41 and a two-hundred day simple moving average of C$0.41. The company has a market cap of C$116.17 million, a PE ratio of -14.97 and a beta of 0.97.

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.