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

Osisko Metals (CVE:OM) had its target price hoisted by stock analysts at National Bank Financial from C$1.50 to C$2.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 381.93% from the stock’s current price.

Separately, BMO Capital Markets set a C$175.00 price objective on Osisko Metals and gave the stock an “outperform” rating in a report on Thursday, February 19th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$59.33.

Osisko Metals Stock Up 5.1%

Shares of CVE OM traded up C$0.02 during mid-day trading on Wednesday, reaching C$0.42. The company had a trading volume of 396,648 shares, compared to its average volume of 598,992. The company has a debt-to-equity ratio of 36.22, a quick ratio of 0.70 and a current ratio of 1.22. Osisko Metals has a 12-month low of C$0.21 and a 12-month high of C$0.55. The stock has a fifty day moving average of C$0.41 and a two-hundred day moving average of C$0.41. The company has a market capitalization of C$116.17 million, a price-to-earnings 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.