Mon Sep 23 21:55:02 UTC 2024: ## Osisko Mining (OSK) Hits 52-Week High Amid Analyst Downgrades
Osisko Mining Inc. (TSE:OSK) reached a new 52-week high on Monday, closing at C$4.86 after trading as high as C$4.89. Despite the strong performance, the company has been the subject of several recent analyst downgrades.
CIBC, BMO Capital Markets, Scotiabank, and Raymond James all lowered their ratings on Osisko Mining shares, citing various reasons for their more cautious outlook. However, despite the downgrades, all four firms increased their price targets for the stock to C$4.90, reflecting a belief in the company’s future potential. National Bankshares also lowered its price target for OSK to C$4.90.
Despite the analyst downgrades, OSK remains a “Hold” according to MarketBeat, with an average price target of C$5.04.
Osisko Mining, a mineral exploration company, focuses on acquiring, exploring, and developing precious mineral deposits in Canada, primarily gold deposits. The company holds interests in several projects, including the Windfall Lake Project, Quévillon Osborne Project, and Urban-Barry Project in Quebec, Canada, as well as Phoenix Properties also located in Quebec.
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