The stock of Osisko Mining Corp (TSE:OSK) hit a new 52-week high and has $6.14 target or 109.00% above today’s $2.94 share price. The 8 months bullish chart indicates low risk for the $433.12 million company. The 1-year high was reported on Sep, 13 by Barchart.com. If the $6.14 price target is reached, the company will be worth $472.10M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 220,173 shares traded hands. Osisko Mining Corp (TSE:OSK) has risen 6.00% since August 14, 2016 and is uptrending. It has underperformed by 10.49% the S&P500.
Osisko Mining Corp, formerly Oban Mining Corp, is a mineral exploration company. The company has a market cap of $433.12 million. The Firm is focused on the acquisition, exploration, and development of precious metal resource properties in Canada. It currently has negative earnings. The Firm focuses on Windfall Lake gold deposit located between Val-d Or and Chibougamau in Quebec, it holds interest in the claims surrounding the Urban Barry area, which covers approximately 82,400 hectares, and it also holds interest in the Marban project located in the Quebec’s prolific Abitibi gold mining district, and properties in the Larder Lake Mining Division in northeast Ontario, including the Jonpol and Garrcon deposits on the Garrison property, the Buffonta past producing mine and the Gold Pike mine property.
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