Osisko Mining Corp (TSE:OSK) Receives Consensus Rating of “Buy” from Brokerages
Osisko Mining Corp (TSE:OSK) has been assigned an average recommendation of “Buy” from the seven analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is C$7.93.
A number of research analysts have recently commented on the company. Royal Bank Of Canada assumed coverage on Osisko Mining Corp in a research report on Monday, May 1st. They set an “ourperform” rating and a C$6.50 price target on the stock. TD Securities cut Osisko Mining Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, June 6th.
In related news, insider Gold Royalties Ltd Osisko acquired 400,000 shares of the firm’s stock in a transaction that occurred on Friday, June 30th. The shares were bought at an average cost of C$4.07 per share, for a total transaction of C$1,628,000.00. Also, insider Jose Vizquerra sold 61,200 shares of the business’s stock in a transaction on Thursday, June 29th. The shares were sold at an average price of C$4.24, for a total value of C$259,488.00. Over the last quarter, insiders have purchased 415,325 shares of company stock worth $1,696,198 and have sold 148,500 shares worth $667,218.
Osisko Mining Corp (TSE OSK) remained flat at $4.75 on Friday. The company’s stock had a trading volume of 182,200 shares. Osisko Mining Corp has a 52-week low of $2.03 and a 52-week high of $5.65. The stock’s 50 day moving average is $4.29 and its 200 day moving average is $4.43. The firm’s market capitalization is $882.15 million.
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About Osisko Mining Corp
Osisko Mining Inc, a mineral exploration company, focuses on the acquisition, exploration, and development of precious metal resources in Canada. It primarily explores for gold and silver. The companys flagship properties include the Windfall Lake Property, which comprises 285 mining claims covering an area of approximately 12,400 hectares (ha) located between Val-d'Or and Chibougamau in Québec; and the Marban Block project consists of 30 mining claims and 3 mining concessions covering an area of 1,023 ha located between Val-d'Or and Malartic in Québec.
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