Osisko Mining (TSE:OSK) Downgraded by Raymond James to “Market Perform”

Osisko Mining (TSE:OSK) was downgraded by equities research analysts at Raymond James from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. They currently have a C$4.90 price target on the mining company’s stock, up from their prior price target of C$3.25. Raymond James’ target price would suggest a potential upside of 2.08% from the company’s current price.

A number of other analysts have also recently weighed in on OSK. BMO Capital Markets cut shares of Osisko Mining from an “outperform” rating to a “market perform” rating and lowered their target price for the company from C$5.75 to C$4.90 in a research note on Tuesday. CIBC lowered shares of Osisko Mining from an “outperform” rating to a “tender” rating and upped their target price for the stock from C$4.75 to C$4.90 in a research report on Tuesday.

Osisko Mining Stock Up 0.2 %

Shares of OSK stock traded up C$0.01 on Tuesday, hitting C$4.80. The company’s stock had a trading volume of 8,628,700 shares, compared to its average volume of 1,044,977. The company has a debt-to-equity ratio of 13.11, a current ratio of 42.83 and a quick ratio of 5.83. Osisko Mining has a fifty-two week low of C$2.36 and a fifty-two week high of C$4.83. The firm’s fifty day moving average price is C$3.11 and its 200-day moving average price is C$2.93. The stock has a market capitalization of C$1.76 billion, a price-to-earnings ratio of 7.98 and a beta of 1.30.

Insider Activity at Osisko Mining

In related news, Senior Officer Alexandria Marcotte sold 50,000 shares of the firm’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of C$3.16, for a total value of C$158,000.00. 15.17% of the stock is owned by insiders.

Osisko Mining Company Profile

Osisko Mining Inc, a mineral exploration company, engages in the acquisition, exploration, and development of precious mineral deposits in Canada. The company primarily explores for gold deposits. It holds interest in the Windfall Lake Project, Quévillon Osborne Project, and Urban-Barry Project located in Québec, Canada; and Phoenix Properties located in Québec, Canada.