In a report released today, Andrew Mikitchook from BMO Capital maintained a Buy rating on Osisko Mining (OBNNF – Research Report), with a price target of $5.00. The company’s shares closed last Tuesday at $2.95.
According to TipRanks.com, Mikitchook is a 4-star analyst with an average return of 17.3% and a 57.7% success rate. Mikitchook covers the Basic Materials sector, focusing on stocks such as G Mining Ventures, Victoria Gold, and Artemis Gold.
Currently, the analyst consensus on Osisko Mining is a Moderate Buy with an average price target of $4.57, representing a 65.6% upside. In a report issued on January 7, National Bank also maintained a Buy rating on the stock with a C$5.25 price target.
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Based on Osisko Mining’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $7.4 million. In comparison, last year the company had a GAAP net loss of $10.98 million.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OBNNF in relation to earlier this year.
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Osisko Mining, Inc. engages in the acquisition, exploration, and development of mineral deposits. Its projects include Windfall, Quévillon, Marban Block, Garrison, and Urban Greenfields. The company was founded on February 26, 2010 and is headquartered in Toronto, Canada.
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