Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Osisko Metals Incorporated ( (TSE:OM) ) has provided an announcement.
Osisko Metals has arranged a C$15 million bought-deal private placement of 11.8 million flow-through common shares at C$1.27 each, led by Canaccord Genuity and BMO Capital Markets, to fund eligible Canadian exploration expenses on its critical mineral projects. The equity raise, structured as tax-advantaged flow-through financing for investors, will support further exploration and resource expansion at the company’s copper and zinc projects, reinforcing its growth plans in the critical metals space and potentially strengthening its position as a key developer of large-scale copper and zinc resources in Canada.
The most recent analyst rating on (TSE:OM) stock is a Hold with a C$0.76 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 exploration and development company focused on critical metals, primarily copper and zinc. Its flagship asset is the past-producing Gaspé Copper mine in Québec’s Gaspé Peninsula, acquired from Glencore Canada in 2023, which hosts the largest undeveloped copper resource in eastern North America and benefits from proximity to existing infrastructure in a mining-friendly jurisdiction. The company is also advancing the Pine Point zinc project in the Northwest Territories through a joint venture with Appian Capital Advisory, targeting one of Canada’s largest past-producing zinc mining camps, likewise supported by established infrastructure and access.
Average Trading Volume: 861,024
Technical Sentiment Signal: Buy
Current Market Cap: C$560.5M
Find detailed analytics on OM stock on TipRanks’ Stock Analysis page.