Osisko Metals (CVE:OM) Shares Up 5.1% – Still a Buy?

Osisko Metals Incorporated (CVE:OM)’s stock price shot up 5.1% during mid-day trading on Monday . The company 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.

Analysts Set New Price Targets

Separately, National Bankshares set a C$1.25 price objective on shares of Osisko Metals and gave the stock an “outperform” rating in a research report on Thursday, December 11th. 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 a consensus price target of C$1.13.

Osisko Metals Price Performance

The business’s 50 day moving average price is C$0.41 and its 200-day moving average price is C$0.42. The company has a quick ratio of 0.70, a current ratio of 0.08 and a debt-to-equity ratio of 37.43. 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.