The Globe and Mail reports in its Wednesday, Aug. 14, edition that Bank of Montreal analyst Andrew Mikitchook has downgraded Osisko Mining to "market perform" from "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Mikitchook gave his share target an 85-cent trim to $4.90. Analysts on average target the shares at $5.24. Mr. Mikitchook calls Gold Fields' bid to acquire Osisko Mining "strong." Mr. Mikitchook believes it "reinforces the quality and scarcity value of the Windfall deposit." Mr. Mikitchook says in a note: "In our opinion, the already existing Windfall JV combined with the strong premium significantly reduces the likelihood of a third party emerging as a bidder. We will continue to monitor. ... Osisko joins the long list of junior names bought out by seniors during the development stage." CIBC World Markets analyst Bryce Adams says in a note: "We view this as a positive outcome for Osisko shareholders. Recall, Gold Fields acquired 50 per cent of Windfall in May, 2023, which we viewed as a positive derisking event that essentially financed Osisko through to production. However, thereafter, the M&A premium for Osisko moderated, in our view, and news flow has been quiet."