Loading…
← CockpitCompetitor Analysis › OM.TO Osisko Metals IncorporatedOpen in the cockpit ↗

Osisko Metals IncorporatedOM.TOCompetitor analysis, valuation and peers

Canada · CAD·Materials›Other Metals/Minerals

Develops zinc-lead deposits, primarily the past-producing Pine Point project in the Northwest Territories.

Momentum laggard 15
Mkt cap
$911M
US dollars, full cap
Free float
69%
of shares outstanding
$/day
$1.86M
20-day average traded
P/B
27.45×
price to book
ROE
-194.4%
delivered
Implied ROE
75.0%
what the price asks
Next earnings
6 days
12 Nov 2026
Close · CADC$1.41
1D+4.4%
1W+1.4%
1M-17.5%
3M-26.6%
6M-16.1%
YTD+85.5%
1Y+182.0%
ATR %6.2%
52w lowhigh29.1% off high

What Osisko Metals does

Develops zinc-lead deposits, primarily the past-producing Pine Point project in the Northwest Territories.

Has no mine in production and so no sales; drilling and studies are paid from money raised from investors and partners. Its value rests on proving up and financing a mine at Pine Point, in a district that produced zinc and lead decades ago, rather than on current operations.

Products and services

  • Pine Point zinc-lead project
  • Gaspe Copper project (JV)

Where it sits in the supply chain

  • Base metals
  • Zinc-lead exploration & development
  • Past-producing district redevelopment

What could go right

  • Zinc/copper price strength
  • North American critical-minerals supply push

What could go wrong

  • Financing/dilution to reach construction
  • Permitting risk

Moat: none (installed base). Redeveloping a known, past-producing district lowers exploration risk but project is pre-construction.

Headquarters: Montreal, Canada · Founded: 2015 · Employees: 21

Named competitors

  • Foran Mining private or unlisted
  • Osisko Development private or unlisted
  • Teck Resources TECK-B.TO

Osisko Metals at a glance

Size Osisko Metals (OM.TO) is a Canada Materials company (Other Metals/Minerals) with a market value of $911M, the 255th largest of 420 Canada companies the cockpit tracks. Shares closed at C$1.41 on 6 Nov 2026.

Performance Over six months the shares fell 16.1%, against -15.1% for the median peer and +5.2% for the Canada market (cap-weighted) — 10th lowest of 20 in its peer set.

Valuation It trades at 27.45× book value against a peer median of 2.94× (most expensive of 19).

Price implies The share price implies a return on equity of about 75.0%; Osisko Metals delivers -194.4%, so the price asks more than the business earns today.

Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026Peer median 85OM.TO 81
Six months, rebased to 100: Osisko Metals against the median of its 20 peers (local-currency closes).

Osisko Metals financials

Reported figures in CAD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueC$0C$0C$0C$0C$0
Revenue growth—————
Gross profit-C$438,000-C$373,000-C$174,000-C$108,000-C$12,023
EBITDA-C$27.6M-C$16.2M-C$3.55M-C$5.39M-C$3.07M
Net income-C$193M-C$46.6M-C$21.4MC$11.3M-C$18.6M
Free cash flow-C$12.3M-C$10.4M-C$2.55M-C$3.65M-C$3.38M
Capital expenditureC$45.0MC$46.0MC$5.90MC$12.4MC$24.1M
Total debtC$233MC$91.7MC$50.5MC$31.4MC$6.06M

Quarterly statements and history in the cockpit →

Osisko Metals competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%-25%0%+25%ARGSANDUMA300700MLX603595AMGTLO0020882362TMC603399USAJAINREC300697688456IIIOM.TO6-month return →1-month return →
Up and to the right = strong over both horizons. Osisko Metals is the large dot.

Fundamentals: return on equity against price-to-book

-200%-100%0%00×100×200×ARGSANDUMA300700MLX603595AMG0020882362USAJAINRECOM.TOReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Osisko Metals is the large dot.

Capital: ROE delivered against the ROE the price implies

-200%-100%0%100%-200%-100%0%100%ARGSANDUMA300700MLX603595AMG603399USAOM.TOROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Osisko Metals is the large dot.

Osisko Metals competitors and peer comparison

Head to head with its named competitors (OM.TO vs TECK-B.TO)
CompanyMarket cap6M returnRevenue growthROEPrice / bookImplied ROE
Osisko Metals OM.TO$911M-16%n/a-194%27.45×75.0%
Teck Resources TECK-B.TO$29.9B+3%+44%14%1.46×16.0%

How Osisko Metals compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Osisko Metals against its 20 peers (data as of 6 Nov 2026)
MeasureOM.TOPeer medianRank in peer set
1-month return-17.5%-15.9%9th lowest of 21
6-month return-16.1%-15.1%10th lowest of 20
Return on equity-194.4%7.3%2nd lowest of 20
Price / book27.45×2.94×most expensive of 19
ROE the price implies75.0%31.0%3rd most demanding of 19
ROE delivered-194.4%5.5%2nd lowest of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Osisko Metals OM.TOCanada$911M-16%n/a-194%27.45×75.0%-194.4%
Amerigo Resources ARG.TOCanada$910M+24%+54%77%10.81×126.7%76.6%
Sandur Manganese & Iron Ores SANDUMA.NSIndia$914M-18%+21%25%2.33×47.7%25.4%
Changsha Dialine New Material Sci.&Tech 300700.SZChina$903M-13%+14%-13%7.79×93.4%-13.2%
Metals X MLX.AXAustralia$934M-11%+26%28%2.12×16.7%27.9%
Zhejiang Tony Electronic 603595.SSChina$960M+52%+5%4%3.87×27.9%3.8%
AMG Critical Materials AMG.ASNetherlands$988M-41%+12%1%1.23×9.4%0.8%
Talon Metals TLO.TOCanada$839M+3%n/a1%2.17×21.9%0.9%
Luyang Energy-Saving Materials 002088.SZChina$837M+12%-21%-3%2.38×18.9%-3.2%
Jinchuan Group International Resources 2362.HKHong Kong$997M+4%+65%8%0.98×8.9%7.6%
TMC TMCUnited States$1.00B-60%n/a-1,123%n/an/a-1,123.2%
IMC Rare Earths IMCUnited States$824Mn/an/an/an/an/an/a
Jinzhou Yongshan Lithium 603399.SSChina$821M-45%+50%-8%3.51×35.1%-7.8%
Develop Global DVP.AXAustralia$801M-43%+68%1%1.72×14.9%1.3%
Americas Gold and Silver USA.TOCanada$1.05B-50%+86%-27%3.49×44.3%-27.1%
Jain Resource Recycling JAINREC.NSIndia$1.05B-43%+48%23%5.74×39.5%23.0%
Jiangyin Electrical Alloy 300697.SZChina$791M-24%+54%16%3.74×34.1%15.8%
Zimplats ZIM.AXAustralia$1.06B-15%+50%14%0.50×6.3%14.0%
GRIPM Advanced Materials 688456.SSChina$780M-24%+34%7%4.00×47.8%7.3%
Xizang Zhihui Mining 2546.HKHong Kong$1.08B+8%+104%11%4.37×37.8%n/a
Imperial Metals III.TOCanada$759M-2%+5%11%1.00×8.7%11.0%

Questions

Who are Osisko Metals's main competitors?
Named competitors: Foran Mining (private or unlisted), Osisko Development (private or unlisted), Teck Resources (TECK-B.TO). The cockpit's measured peer set (industry) also includes Amerigo Resources (ARG.TO), Sandur Manganese & Iron Ores (SANDUMA.NS), Changsha Dialine New Material Sci.&Tech (300700.SZ), Metals X (MLX.AX), Zhejiang Tony Electronic (603595.SS), AMG Critical Materials (AMG.AS).
Is Osisko Metals expensive compared with its peers?
On price / book it trades at 27.45× against a peer median of 2.94×, most expensive of 19 in its peer set. The share price implies a return on equity of about 75.0%; Osisko Metals delivers -194.4%, so the price asks more than the business earns today.
How has Osisko Metals stock performed?
Over six months to 6 Nov 2026 the shares returned -16.1% against -15.1% for the median peer; over one year +182.0%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.