National Bankshares Issues Positive Forecast for Osisko Metals (CVE:OM) Stock Price

Osisko Metals (CVE:OM) had its price target raised by research analysts at National Bankshares from C$1.25 to C$1.50 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. National Bankshares’ target price indicates a potential upside of 261.45% from the company’s previous close.

Osisko Metals Stock Up 5.1%

Shares of CVE OM traded up C$0.02 during midday trading on Thursday, hitting C$0.42. The stock had a trading volume of 396,648 shares, compared to its average volume of 598,992. The business’s 50 day moving average is C$0.41 and its 200-day moving average is C$0.42. Osisko Metals has a 52 week low of C$0.21 and a 52 week high of C$0.55. The company has a quick ratio of 0.70, a current ratio of 0.08 and a debt-to-equity ratio of 37.43. The company has a market cap of C$116.17 million, a P/E 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.