Osisko Metals (CVE:OM) Trading Up 5.1% – Time to Buy?

Osisko Metals Incorporated (CVE:OM) shares traded up 5.1% during mid-day trading on Wednesday . The stock traded as high as C$0.43 and last traded at C$0.41. 396,648 shares changed hands during trading, a decline of 34% from the average daily volume of 598,992 shares. The stock had previously closed at C$0.40.

Wall Street Analyst Weigh In

Separately, National Bank Financial raised their target price on shares of 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. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$88.50.

Osisko Metals Trading Up 5.1%

The firm has a market capitalization of C$116.17 million, a PE ratio of -14.97 and a beta of 0.97. The company has a debt-to-equity ratio of 36.22, a quick ratio of 0.70 and a current ratio of 1.22. The firm has a fifty day moving average of C$0.41 and a 200 day moving average of C$0.41.

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.