National Bank Financial Analysts Increase Earnings Estimates for Osisko Mining Inc (OSK)

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Osisko Mining Inc (TSE:OSK) – Stock analysts at National Bank Financial boosted their FY2019 earnings per share estimates for Osisko Mining in a note issued to investors on Tuesday, September 18th, according to Zacks Investment Research. National Bank Financial analyst D. Demarco now expects that the mining company will earn ($0.07) per share for the year, up from their previous estimate of ($0.08). National Bank Financial has a “Outperform” rating and a $4.10 price objective on the stock.

Osisko Mining (TSE:OSK) last posted its earnings results on Thursday, August 9th. The mining company reported C($0.03) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of C($0.03).

OSK has been the topic of several other research reports. Canaccord Genuity lowered their target price on Osisko Mining from C$20.00 to C$19.50 in a report on Tuesday, July 24th. Eight Capital lowered their target price on Osisko Mining from C$2.65 to C$2.60 and set a “c$2.14” rating on the stock in a report on Wednesday, July 18th. Desjardins lowered their target price on Osisko Mining from C$4.50 to C$4.00 in a report on Monday, October 1st. Finally, BMO Capital Markets lowered their target price on Osisko Mining from C$5.00 to C$4.50 and set a “c$2.09” rating on the stock in a report on Thursday, July 19th. Three equities research analysts have rated the stock with a buy rating, Osisko Mining presently has an average rating of “Buy” and a consensus target price of C$6.94.

Osisko Mining stock traded down C$0.19 during trading hours on Friday, hitting C$2.56. The stock had a trading volume of 814,500 shares, compared to its average volume of 753,976. Osisko Mining has a 1-year low of C$1.60 and a 1-year high of C$4.65.

In related news, Director André Gaumond acquired 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 25th. The shares were acquired at an average price of C$2.16 per share, with a total value of C$108,000.00. In the last ninety days, insiders have purchased 71,900 shares of company stock worth $155,661.

About Osisko Mining

Osisko Mining Inc, a mineral exploration company, engages in the acquisition, exploration, and development of precious metals resource properties in Canada. The company primarily explores for gold and silver. Its flagship properties include the Windfall Lake property that consists of 285 mining claims covering an area of approximately 12,400 hectares (ha) located between Val-d'Or and Chibougamau, Québec; and the Marban Block property, which comprises 30 mining claims and 3 mining concessions covering an area of 1,023.13 ha located between Val-d'Or and Malartic, Québec.

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