Research Analysts Offer Predictions for Osisko Mining’s FY2020 Earnings (OSK)

Osisko Mining (TSE:OSK) – Research analysts at National Bank Financial issued their FY2020 earnings estimates for Osisko Mining in a report issued on Tuesday, May 15th. National Bank Financial analyst D. Demarco expects that the mining company will post earnings per share of ($0.06) for the year. National Bank Financial has a “Outperform” rating and a $4.50 price objective on the stock.

Osisko Mining (TSE:OSK) last issued its earnings results on Tuesday, May 8th. The mining company reported C($0.05) earnings per share for the quarter.

Other equities research analysts have also issued research reports about the company. Desjardins cut their target price on Osisko Mining from C$6.25 to C$4.50 in a research report on Wednesday. Eight Capital lowered Osisko Mining from a “buy” rating to a “neutral” rating and cut their target price for the stock from C$5.80 to C$2.65 in a research report on Tuesday. BMO Capital Markets cut their target price on Osisko Mining from C$6.00 to C$5.00 in a research report on Tuesday. Finally, Beacon Securities raised Osisko Mining from a “hold” rating to a “buy” rating in a research report on Tuesday, March 13th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of C$4.16.

Shares of Osisko Mining opened at C$2.25 on Thursday, according to Marketbeat. Osisko Mining has a fifty-two week low of C$2.01 and a fifty-two week high of C$5.24.

In other news, insider Jose Vizquerra purchased 20,000 shares of the company’s stock in a transaction that occurred on Thursday, May 17th. The shares were purchased at an average price of C$2.20 per share, for a total transaction of C$44,000.00. Also, Director John Feliks Burzynski purchased 50,000 shares of the company’s stock in a transaction that occurred on Thursday, May 17th. The shares were purchased at an average price of C$2.22 per share, for a total transaction of C$111,000.00. Insiders have purchased a total of 272,200 shares of company stock worth $664,551 in the last 90 days.

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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