Osisko Metals (CVE:OM) Trading 5.1% Higher – Still a Buy?

Osisko Metals Incorporated (CVE:OM)’s stock price was up 5.1% on Wednesday . The stock traded as high as C$0.43 and last traded at C$0.42. Approximately 396,648 shares traded hands during trading, a decline of 34% from the average daily volume of 598,992 shares. The stock had previously closed at C$0.40.

Analysts Set New Price Targets

Several analysts have recently weighed in on OM shares. BMO Capital Markets set a C$175.00 price target on Osisko Metals and gave the stock an “outperform” rating in a report on Thursday, February 19th. National Bank Financial boosted their price target on Osisko Metals from C$1.50 to C$2.00 and gave the stock an “outperform” rating in a report on Wednesday, April 15th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$88.50.

Osisko Metals Stock Performance

The stock has a 50 day moving average of C$0.41 and a 200 day moving average of C$0.41. The company has a quick ratio of 0.70, a current ratio of 1.22 and a debt-to-equity ratio of 36.22. The company has a market capitalization of C$116.17 million, a price-to-earnings ratio of -14.97 and a beta of 0.97.

About Osisko Metals

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.