Financial Wire

BMO Lifts Osisko Metals' Price Target to US$2.50 from US$1.75

-- BMO Capital Markets on Wednesday maintained its outperform rating on the shares of Osisko Metals (OM.TO) while raising its price target to US$2.50 from US$1.75.

BMO said the increase in copper resources at Osisko's Gaspe project in Quebec sets a trajectory for a larger development than previously justified.

"In our opinion, the track record of the province of Quebec supporting mining development suggests additional power will be made available to optimize development of the project," BMO said.

BMO noted that Osisko's 50,00-meter drilling program for 2026 is extending the project to the south and southwest, positioning the project for more growth.

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BMO Lifts Osisko Metals' Price Target to US$2.50 from US$1.75 | Financial Wire