Osisko Metals (CVE:OM) Trading 5.1% Higher – Still a Buy?

Shares of Osisko Metals Incorporated (CVE:OM) traded up 5.1% during trading on Wednesday . The company traded as high as C$0.43 and last traded at C$0.42. 396,648 shares were traded 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.

Analysts Set New Price Targets

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

Osisko Metals Stock Performance

The company has a debt-to-equity ratio of 36.22, a current ratio of 1.22 and a quick ratio of 0.70. The stock has a 50-day simple moving average of C$0.41 and a 200-day simple moving average of C$0.41. The stock 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.