Osisko Mining (OTCMKTS:OBNNF) Stock Price Down 0.4%

Osisko Mining Inc. (OTCMKTS:OBNNFGet Rating) shares traded down 0.4% during mid-day trading on Tuesday . The stock traded as low as $2.71 and last traded at $2.74. 97,463 shares changed hands during mid-day trading, a decline of 19% from the average session volume of 120,419 shares. The stock had previously closed at $2.75.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Canaccord Genuity Group lowered their price target on Osisko Mining from C$6.25 to C$6.00 and set a “buy” rating for the company in a research report on Tuesday, December 13th. Raymond James decreased their target price on Osisko Mining from C$4.75 to C$4.50 in a research report on Tuesday, November 29th. Royal Bank of Canada reduced their price target on shares of Osisko Mining from C$6.50 to C$5.50 in a research report on Tuesday, December 20th. Scotiabank began coverage on shares of Osisko Mining in a research report on Wednesday, October 12th. They set an “outperform” rating for the company. Finally, National Bank Financial reduced their price target on shares of Osisko Mining from C$4.00 to C$3.75 in a research report on Thursday, October 13th.

Osisko Mining Stock Performance

The company’s 50-day moving average price is $2.62 and its 200 day moving average price is $2.32.

About Osisko Mining

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Osisko Mining Inc, a mineral exploration company, engages in the acquisition, exploration, and development of gold resource properties in Canada. Its flagship project is its 100% interest in the Windfall Lake property that consists of 286 mining claims covering an area of approximately 12,523 hectares located in the Abitibi greenstone belt, Urban Township, Eeyou Istchee James Bay, Quebec.

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