Osisko Mining (TSE:OSK) Earns Outperform Spec Overweight Rating from National Bank Financial

National Bank Financial reissued their outperform spec overweight rating on shares of Osisko Mining (TSE:OSK) in a research note released on Wednesday.

Several other equities research analysts have also weighed in on OSK. CIBC raised their target price on Osisko Mining from C$4.50 to C$5.00 in a research report on Friday, August 9th. Beacon Securities reaffirmed a hold rating on shares of Osisko Mining in a research report on Wednesday, July 3rd.

Shares of TSE OSK traded down C$0.14 during midday trading on Wednesday, hitting C$3.47. 501,000 shares of the company’s stock were exchanged, compared to its average volume of 471,838. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.57 and a quick ratio of 5.52. Osisko Mining has a twelve month low of C$1.79 and a twelve month high of C$3.90. The company has a market cap of $960.08 million and a PE ratio of -14.11. The firm’s fifty day simple moving average is C$3.51 and its 200-day simple moving average is C$3.21.

In related news, Director John Feliks Burzynski sold 50,000 shares of Osisko Mining stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of C$3.33, for a total value of C$166,500.00. Following the sale, the director now directly owns 1,980,600 shares in the company, valued at C$6,595,398. Also, Director Sean Roosen sold 20,000 shares of Osisko Mining stock in a transaction that occurred on Thursday, July 4th. The shares were sold at an average price of C$3.50, for a total value of C$69,946.00. Following the completion of the sale, the director now owns 988,966 shares in the company, valued at C$3,458,710.79. Insiders sold a total of 310,400 shares of company stock worth $1,066,595 over the last quarter.

About Osisko Mining

Osisko Mining Inc, a mineral exploration company, engages in the acquisition, exploration, and development of precious metals resource properties in Canada. The company primarily explores for gold and silver. Its flagship project is the Windfall Lake property that consists of 285 mining claims covering an area of approximately 12,400 hectares located between Val-d'Or and Chibougamau, Québec.

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