Osisko Metals (CVE:OM) Shares Up 5.1% – Here’s What Happened

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

Analyst Upgrades and Downgrades

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

Osisko Metals Stock Up 5.1%

The firm’s 50-day moving average price is C$0.41 and its 200 day moving average price is C$0.41. 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. The company has a current ratio of 1.22, a quick ratio of 0.70 and a debt-to-equity ratio of 36.22.

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.