Osisko Mining (TSE:OSK) Rating Lowered to Sector Perform at Scotiabank

Scotiabank cut shares of Osisko Mining (TSE:OSK) from an outperform rating to a sector perform rating in a research report report published on Monday, MarketBeat.com reports. The firm currently has C$4.90 price target on the mining company’s stock, up from their prior price target of C$4.25.

OSK has been the subject of several other reports. CIBC cut Osisko Mining from an outperform rating to a tender rating and lifted their target price for the company from C$4.75 to C$4.90 in a research note on Tuesday, August 13th. BMO Capital Markets downgraded Osisko Mining from an outperform rating to a market perform rating and dropped their target price for the stock from C$5.75 to C$4.90 in a research report on Tuesday, August 13th. Finally, Raymond James downgraded Osisko Mining from an outperform rating to a market perform rating and boosted their target price for the stock from C$3.25 to C$4.90 in a research report on Tuesday, August 13th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Hold and a consensus target price of C$5.62.

Osisko Mining Stock Performance

Shares of Osisko Mining stock opened at C$4.82 on Monday. The company has a debt-to-equity ratio of 13.65, a current ratio of 41.64 and a quick ratio of 5.83. The firm has a 50 day simple moving average of C$3.36 and a 200 day simple moving average of C$3.04. Osisko Mining has a fifty-two week low of C$2.36 and a fifty-two week high of C$4.83. The firm has a market cap of C$1.76 billion, a P/E ratio of -480.00 and a beta of 1.42.

About Osisko Mining

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.