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Osisko Metals Incorporated ( (TSE:OM) ) has shared an announcement.
Osisko Metals reported substantial new drilling results from its Gaspé Copper Project in Québec, including a standout intercept of 748 metres averaging 0.27% copper and several other long mineralized intervals that combine infill and expansion drilling. The program is upgrading inferred resources to higher-confidence categories while extending mineralization beyond the current resource model, notably at the southern extension and western margin of the historic Copper Mountain pit, which could support a larger upcoming resource update and enhance the project’s development potential for investors and regional stakeholders.
The most recent analyst rating on (TSE:OM) stock is a Hold with a C$0.91 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 TSE:OM Stock
According to Spark, TipRanks’ AI Analyst, TSE:OM is a Neutral.
The score is held back primarily by weak financial performance (no revenue and ongoing cash burn), partially offset by strong technical momentum (price above key moving averages with positive MACD) and supportive corporate developments (strategic financing and positive drill results). Valuation remains constrained by losses and no dividend support.
To see Spark’s full report on TSE:OM stock, click here.
More about Osisko Metals Incorporated
Osisko Metals Incorporated is a Canadian mineral exploration and development company focused on base metals, notably copper and zinc. The company is advancing the Gaspé Copper Project in Québec, aiming to define and expand resources through extensive drilling that targets both infill and expansion of known mineralization in a historically significant mining district.
Average Trading Volume: 928,897
Technical Sentiment Signal: Buy
Current Market Cap: C$649.3M
Find detailed analytics on OM stock on TipRanks’ Stock Analysis page.