The Globe and Mail reports in its Tuesday, Sept. 24, edition that National Bank Financial analyst Don DeMarco moved his recommendation for Osisko Mining to "tender" from "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. DeMarco expects Osisko shareholders to support its definitive agreement to be acquired by South Africa's Gold Fields in an all-cash deal worth $2.16-billion at a meeting on Oct. 17. Mr. DeMarco's share target slid to $4.90 from $5 to reflect the offer price. Analysts on average target the shares at $5.20. Mr. DeMarco says in a note, "We expect proxy advisors to support the deal as well as other Osisko shareholders, including largest and only shareholder Blackrock (16.75 per cent of outstanding shares) above 10 per cent." The Globe reported on Aug. 14 that Bank of Montreal analyst Andrew Mikitchook had lowered his recommendation for Osisko Mining to "market perform" from "outperform." The shares could then be had for $4.78. The Globe reported on Aug. 20 that Scotia Capital analyst Ovais Habib had maintained Osisko Mining at "sector perform." The shares could then be had for $4.80.
© 2025 Canjex Publishing Ltd. All rights reserved.