Shares of Osisko Metals Incorporated (CVE:OM – Get Free Report) shot up 5.1% during trading on Tuesday . The company traded as high as C$0.43 and last traded at C$0.41. Approximately 396,648 shares traded 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 Analyst Weigh In
Separately, National Bank Financial upped their target price on shares of Osisko Metals from C$2.00 to C$2.25 and gave the company an “outperform” rating in a research note on Tuesday, July 14th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$88.62.
Osisko Metals Trading Up 5.1%
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.
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