CIBC Downgrades Osisko Mining to Sector Perform (OSK)
Osisko Mining (TSE:OSK) was downgraded by analysts at CIBC from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Friday, AnalystRatingsNetwork.com reports.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity raised their price target on shares of Osisko Mining from C$6.50 to C$7.25 in a research note on Thursday. They now have a “hold” rating on the stock. Separately, analysts at National Bank Financial raised their price target on shares of Osisko Mining from C$6.50 to C$7.00 in a research note on Wednesday. They now have a “sector perform” rating on the stock. Finally, analysts at TD Securities downgraded shares of Osisko Mining from a “buy” rating to a “hold” rating in a research note on Wednesday. They now have a C$7.25 price target on the stock, up previously from C$7.00. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of C$7.13.
Osisko Mining (TSE:OSK) opened at 7.03 on Friday. Osisko Mining has a 52 week low of $2.98 and a 52 week high of $7.08. The stock has a 50-day moving average of $6.35 and a 200-day moving average of $5.23. The company’s market cap is $3.077 billion.
Osisko Mining Corporation (TSE:OSK) is engaged in the business of acquiring, exploring, developing and operating mineral properties, primarily those containing gold and associated precious metals.
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