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Osisko Metals Incorporated ( (TSE:OM) ) has provided an update.
Osisko Metals has delivered a major updated mineral resource estimate for its Gaspé Copper Project in eastern Quebec, outlining 1.83 billion tonnes of measured and indicated resources at 0.27% copper and 239 million tonnes of inferred resources at 0.41% copper. The new figures mark a 119% increase in copper metal content versus the prior indicated resource, confirming Gaspé as one of the largest undeveloped copper-molybdenum deposits in North America, with substantial molybdenum and silver by-products.
The company will launch a 50,000-metre drill program at the end of the month to upgrade remaining inferred material to indicated status and extend the deposit toward the former Needle Mountain open pit, alongside a deep porphyry exploration campaign at Porphyry Mountain. Management says these 2026 programs could drive further resource growth and help cement Gaspé as a potential generational mine, reinforcing Quebec’s strategic role in critical minerals and providing a long-term economic anchor for the Gaspé Peninsula.
The most recent analyst rating on (TSE:OM) stock is a Buy with a C$2.00 price target. To see the full list of analyst forecasts on Osisko Metals Incorporated stock, see the TSE:OM Stock Forecast page.
Spark’s Take on OM Stock
According to Spark, TipRanks’ AI Analyst, OM is a Neutral.
Score is held back primarily by weak financial performance (pre-revenue, ongoing losses, and persistent cash burn) and limited valuation support (negative P/E, no dividend data). These are partially offset by strong technical momentum, with the stock trading well above key moving averages and a positive MACD, though the elevated RSI signals higher short-term pullback risk.
To see Spark’s full report on OM stock, click here.
More about Osisko Metals Incorporated
Osisko Metals Incorporated is a Canadian mineral exploration and development company focused on base metals, with a key emphasis on copper. Its flagship Gaspé Copper Project in eastern Quebec targets large-scale copper-molybdenum-silver resources, positioning the company within the critical minerals supply chain for technologies tied to electrification and decarbonization.
Average Trading Volume: 2,417,168
Technical Sentiment Signal: Buy
Current Market Cap: C$1.09B
See more insights into OM stock on TipRanks’ Stock Analysis page.