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

Osisko Metals Incorporated (CVE:OM) rose 5.1% during mid-day trading on Tuesday. The company traded as high as C$0.43 and last traded at C$0.41. 396,648 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 598,992 shares. The stock had previously closed at C$0.40.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial upped their target price on Osisko Metals from C$2.00 to C$2.25 and gave the company an “outperform” rating in a research report on Tuesday, July 14th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$88.62.

Osisko Metals Stock Performance

The company has a debt-to-equity ratio of 29.52, a current ratio of 1.50 and a quick ratio of 0.70. The company has a fifty day moving average price of C$0.41 and a 200 day moving average price of C$0.41. The stock has a market cap of C$116.17 million, a P/E ratio of -14.97 and a beta of 0.97.

Osisko Metals Company Profile

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.