Osisko Mining (TSE:OSK) Share Price Crosses Above 50-Day Moving Average of $2.91

Osisko Mining Inc. (TSE:OSK) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$2.91 and traded as high as C$3.09. Osisko Mining shares last traded at C$3.09, with a volume of 888,429 shares trading hands.

Wall Street Analyst Weigh In

Separately, Raymond James upped their price objective on shares of Osisko Mining from C$3.50 to C$3.75 in a report on Tuesday, April 23rd.

Osisko Mining Stock Up 4.0 %

The company has a debt-to-equity ratio of 13.11, a quick ratio of 5.83 and a current ratio of 42.83. The company has a market cap of C$1.13 billion, a price-to-earnings ratio of 5.15 and a beta of 1.33. The stock’s fifty day moving average is C$2.91 and its two-hundred day moving average is C$2.73.

Osisko Mining (TSE:OSK) last posted its earnings results on Monday, March 4th. The mining company reported C($0.02) earnings per share for the quarter. Sell-side analysts predict that Osisko Mining Inc. will post -0.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Senior Officer Pascal Simard acquired 11,811 shares of Osisko Mining stock in a transaction on Tuesday, February 20th. The stock was acquired at an average cost of C$2.54 per share, with a total value of C$29,999.94. In other Osisko Mining news, Director John Feliks Burzynski sold 135,000 shares of the company’s stock in a transaction dated Friday, April 19th. The shares were sold at an average price of C$3.13, for a total value of C$422,550.00. Also, Senior Officer Pascal Simard acquired 11,811 shares of Osisko Mining stock in a transaction on Tuesday, February 20th. The stock was purchased at an average cost of C$2.54 per share, with a total value of C$29,999.94. 14.99% of the stock is currently owned by insiders.

Osisko Mining Company Profile

Osisko Mining Inc, a mineral exploration company, engages in the acquisition, exploration, and development of precious mineral deposits in Canada. The company primarily explores for gold deposits. It holds interest in the Windfall Lake Project, Quévillon Osborne Project, and Urban-Barry Project located in Québec, Canada; and Phoenix Properties located in Québec, Canada.