Streetbeat News

OBNNF

Osisko Mining Inc

https://www.osiskomining.com/

CEO

John Burzynski

Industry

Gold Ore Mining

Open

3.51

Mkt cap

1.3B

Volume

18K

High

3.52

P/E Ratio

-351.00

52-wk high

3.62

Low

3.51

Div yield

N/A

52-wk low

1.78

Gold mining companies are increasing M&A activity due to high gold prices, which boost their free cash flow. Gold Fields plans to acquire Osisko Mining for $1.57 billion, and Newmont is selling several mines to pay down debt. The VanEck Gold Miners ETF rose 3.08% amid record gold prices. Copper is also becoming a significant focus for gold miners.

Portfolio Pulse from Matt Whittaker

August 16, 2024 | 7:44 pm

Gold Fields (NYSE:GFI) is acquiring Osisko Mining (OTC:OBNNF) for $1.57 billion in cash, securing full ownership of the Windfall Project in Quebec. The acquisition aligns with Gold Fields' strategy to improve its portfolio with high-quality, long-life assets. The deal is subject to shareholder and regulatory approvals.

Portfolio Pulse from Stjepan Kalinic

August 12, 2024 | 11:12 am

Raymond James analyst Craig Stanley has maintained an Outperform rating on Osisko Mining (OTC:OBNNF) but lowered the price target from $4.5 to $3.5.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 5:25 pm

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