Osisko Mining Inc (TSE:OSK)’s share price was down 3.6% during trading on Thursday . The stock traded as low as C$3.76 and last traded at C$3.79. Approximately 220,816 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 513,875 shares. The stock had previously closed at C$3.93.
Separately, National Bank Financial raised their target price on Osisko Mining to C$5.75 and gave the stock an “outperform” rating in a research note on Thursday, October 12th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Osisko Mining presently has a consensus rating of “Buy” and a consensus price target of C$8.11.
The firm’s market capitalization is $723.62 million. The company has a 50 day moving average of $4.40 and a 200-day moving average of $4.60.
In related news, Director William Murray John sold 64,900 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of C$4.05, for a total value of C$262,845.00. Also, Director Elif Lévesque sold 43,936 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of C$5.00, for a total value of C$219,680.00. Insiders sold a total of 233,936 shares of company stock valued at $1,027,451 in the last three months.
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About Osisko Mining
Osisko Mining Corp, formerly Oban Mining Corp, is a mineral exploration company. The Company is focused on the acquisition, exploration, and development of precious metal resource properties in Canada. The Company focuses on Windfall Lake gold deposit located between Val-d Or and Chibougamau in Quebec, it holds interest in the claims surrounding the Urban Barry area, which covers approximately 82,400 hectares, and it also holds interest in the Marban project located in the Quebec’s prolific Abitibi gold mining district, and properties in the Larder Lake Mining Division in northeast Ontario, including the Jonpol and Garrcon deposits on the Garrison property, the Buffonta past producing mine and the Gold Pike mine property.
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