Brokerages Set Osisko Mining Corp (TSE:OSK) PT at $7.93

Shares of Osisko Mining Corp (TSE:OSK) have received a consensus rating of “Buy” from the seven brokerages that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is C$7.93.

Several equities research analysts have commented on OSK shares. Royal Bank Of Canada started coverage on Osisko Mining Corp in a research note on Monday, May 1st. They issued an “ourperform” rating and a C$6.50 target price on the stock. TD Securities cut Osisko Mining Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th.

Osisko Mining Corp (TSE OSK) traded up 1.05% during trading on Monday, reaching $4.80. The company had a trading volume of 309,187 shares. The company’s market capitalization is $891.44 million. Osisko Mining Corp has a 52-week low of $2.03 and a 52-week high of $5.65. The company has a 50 day moving average price of $4.29 and a 200 day moving average price of $4.43.

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In other news, Director David William Christie sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of C$4.35, for a total transaction of C$217,500.00. Also, insider Gold Royalties Ltd Osisko acquired 400,000 shares of the company’s stock in a transaction dated Friday, June 30th. The shares were bought at an average price of C$4.07 per share, for a total transaction of C$1,628,000.00. In the last 90 days, insiders acquired 415,325 shares of company stock worth $1,696,198 and sold 148,500 shares worth $667,218.

About Osisko Mining Corp

Osisko Mining Inc, a mineral exploration company, focuses on the acquisition, exploration, and development of precious metal resources in Canada. It primarily explores for gold and silver. The company’s flagship properties include the Windfall Lake Property, which comprises 285 mining claims covering an area of approximately 12,400 hectares (ha) located between Val-d'Or and Chibougamau in Québec; and the Marban Block project consists of 30 mining claims and 3 mining concessions covering an area of 1,023 ha located between Val-d'Or and Malartic in Québec.

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