TSE:OSK

Osisko Mining Inc (OSK.TO)

4.90
-0.00 (0.00%)
as of Oct 29, 2024, 8:00:00 pm Market Open.
10 watching
0
DON'T BUY
His model price is $16.50, a 10% upside. There are other gold mining companies elsewhere which he would recommend before this one such as Barrick (ABX-T), Yamana (YRI-T), Kinross (K-T) or Goldcorp (G-T). (See Top Picks.)
HOLD
Likes the company. Just getting into production and he tends to shy away at this stage as it will take time for the mine to fully kick in. He prefers the bigger producers. Good management and good property.
STRONG BUY
A good time to buy it. Stock is going through a re-rating. They are moving into development stage.
DON'T BUY
Starting production tomorrow. Some times a stock anticipates a move and some times even the best news is not going to do anything to the stock because the news is discounted. Chart shows a very nice up trend from late 2008 but now is in a horizontal trading range. Until it breaks out of that, he wouldn’t jump on it. Currently under its 200 day moving average.
BUY
When it starts producing its Quebec mine, it will be the owner of Canada’s largest gold mine. Could be a strong take over candidate. Safe jurisdiction.
DON'T BUY
Gold. Coming into production and should have a valuation lift but depends on timing for the mine coming on and where the gold price is at that time. Stock is sideways and will continue this way until there is news.
COMMENT
Doesn’t see it as a takeover target as companies like to buy before the mine is built. There is a noise reduction program in place, which is slowing down the ramp up of the project. Has been an incredible story and will become the largest gold mine in Canada.
DON'T BUY
This is just at the stage where it is going into production. You now have to see if it works. Initial results looks like it is a little trickier than they thought. Doesn’t like that it is only one mine.
COMMENT
You have to be comfortable with the price of gold. If gold stays where it is, the new mine will be very profitable. Shares have done nothing for the last 6-8 months so now is not a bad time to be buying. (See Top Picks.)
PAST TOP PICK
(Top Pick Nov 25/10, Down 7.07%)
COMMENT
Have always felt that in golds, the shares should be leading the metal. In the last few weeks, while gold price is strong, equity prices have not been participating in general to the same extent. This is a mid-cap which is the right neighbourhood to be in. Coming into production, which is important. Stock is kind of consolidating. Generally gold shares have been sloppy and he feels there are better places to be.
DON'T BUY
Gold corp sold them and are usually a well informed buyer/seller of companies. Gold stocks had a good pull back recently and they or ABX would be the ones he would look at right now.
WAIT
Has been reducing his weighting on this. Goldcorp (G-T) owned a significant piece and they sold it. Have a mining project that is coming on stream in the next couple of months and usually this creates teething issues. Longer term, good story but fully valued today. Over time they will be able to grow their resource and production.
DON'T BUY
The peaks and valleys align with gold. He sees it turning down. If you are going to buy this, you have to see it above $14.50. The chart looks bad.
COMMENT
Has been a phenomenal performer. Recently broke its trend. You have a market that is tending to go down and are not doing what they are supposed to be doing in the gold sector. The key is that he is looking for the markets to be way oversold right now and good reason to believe that this one will bottom as well.
Showing 76 to 90 of 170 entries