Brokers Set Expectations for Osisko Mining Inc’s FY2020 Earnings (OSK)

Osisko Mining Inc (TSE:OSK) – Beacon Securities issued their FY2020 earnings estimates for shares of Osisko Mining in a report released on Tuesday. Beacon Securities analyst M. Curran expects that the mining company will post earnings of ($0.06) per share for the year. Beacon Securities currently has a “Buy” rating on the stock.

A number of other analysts also recently issued reports on the stock. Desjardins restated a “buy” rating and set a C$6.25 price objective on shares of Osisko Mining in a report on Tuesday, November 28th. National Bank Financial lifted their target price on shares of Osisko Mining from C$5.75 to C$6.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$9.56.

Osisko Mining (TSE OSK) traded down C$0.07 during midday trading on Wednesday, reaching C$2.63. 462,419 shares of the company were exchanged, compared to its average volume of 623,142. Osisko Mining has a 1-year low of C$2.50 and a 1-year high of C$5.65. The stock has a market capitalization of $546.63, a P/E ratio of -29.22 and a beta of -0.90.

In other news, Director John Feliks Burzynski sold 37,500 shares of Osisko Mining stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of C$2.74, for a total value of C$102,750.00.

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Osisko Mining Company Profile

Osisko Mining Inc, formerly Oban Mining Corp, is a Canada-based mineral exploration company. The Company is focused on the acquisition, exploration, and development of precious metal resource properties in Canada. The Company focuses on the Windfall Lake Gold Deposit located between Val-d Or and Chibougamau in Quebec, Canada; it holds interest in the claims surrounding the Urban Barry area, which cover approximately 80,000 hectares; it holds interest in the Marban project located in the Quebec’s prolific Abitibi gold mining district, as well as properties in the Larder Lake Mining Division in northeast Ontario, Canada, including the Jonpol and Garrcon deposits on the Garrison property, the Buffonta past producing mine and the Gold Pike mine property.

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