Osisko Metals (CVE:OM) Shares Up 5.1% – Here’s What Happened

Osisko Metals Incorporated (CVE:OM) shot up 5.1% on Wednesday . The company traded as high as C$0.43 and last traded at C$0.42. 396,648 shares changed hands during trading, a decline of 34% from the average session volume of 598,992 shares. The stock had previously closed at C$0.40.

Wall Street Analysts Forecast Growth

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

Osisko Metals Stock Up 5.1%

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

Osisko Metals Company Profile

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.