Osisko Metals: Large-Scale Gaspé Copper Asset and Experienced Management Underpin Outperform (Speculative) Buy Rating

Osisko Metals Incorporated (OM) has received a new Buy rating, initiated by BMO Capital analyst, Andrew Mikitchook.

Andrew Mikitchook has given his Buy rating due to a combination of factors, primarily the scale and quality of Osisko Metals’ Gaspé Copper project, which ranks among the largest undeveloped copper assets globally in a supportive Quebec jurisdiction. He believes the already-defined resource, brownfield setting with existing infrastructure, and potential to deliver large-scale copper output over two decades underpin a compelling long‑term value proposition for shareholders.

He also highlights the experienced management team, which has previously discovered, developed, and monetized major Canadian mining assets, as a key factor reducing execution risk and supporting a re‑rating as milestones are achieved. With a strong current cash position, additional warrant proceeds expected, and realistic access to multiple funding sources for an eventual multi‑billion‑dollar build, Mikitchook views financing and permitting risks as manageable, justifying his Outperform (Speculative) rating and $1.75 target price.

In another report released on February 4, Canaccord Genuity also maintained a Buy rating on the stock with a C$2.75 price target.