10:02 AM EST, 11/28/2017 (MT Newswires) -- Desjardins Securities analyst Raj Ray initiated coverage of a trio of junior gold companies with assets in Canada, which he called "pioneers in each of the emerging Canadian mining camps in which they operate," the Globe & Mail reported.

Ray gave buy ratings to, in order of preference, Osisko Mining (OSK.TO), Atlantic Gold (AGB.V) and TMAC Resources (TMR.TO).

He believes the three are among "among only a handful of companies that provide investors with direct upside exposure through either a share re-rating or M&A."

"Osisko is our top pick given the considerable exploration success the company continues to see at its Windfall project, in addition to a number of catalysts expected over the next 12 months that could make it one of the best development stories in recent years," said Ray.

Ray set a target price of $6.25 for shares of Osisko Mining. The analyst average price target is currently $5.85, according to Bloomberg data. OSK shares were up 2% in early trading at $3.71.