Osisko Development (CVE:ODV) Shares Up 0.7%

Osisko Development Corp. (CVE:ODV)’s share price traded up 0.7% during mid-day trading on Tuesday . The company traded as high as C$3.00 and last traded at C$2.91. 14,600 shares changed hands during trading, a decline of 60% from the average session volume of 36,813 shares. The stock had previously closed at C$2.89.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ODV shares. Ventum Financial lowered their price objective on shares of Osisko Development from C$7.50 to C$4.50 in a research note on Thursday, August 29th. Eight Capital decreased their price target on shares of Osisko Development from C$11.00 to C$9.00 in a research report on Thursday, July 11th. Finally, Royal Bank of Canada cut their price objective on shares of Osisko Development from C$6.00 to C$5.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th.

Osisko Development Trading Up 0.7 %

The stock has a 50-day moving average price of C$2.83 and a two-hundred day moving average price of C$2.87. The stock has a market capitalization of C$248.63 million, a PE ratio of -1.33 and a beta of 1.17. The company has a debt-to-equity ratio of 8.45, a quick ratio of 2.81 and a current ratio of 0.64.

Osisko Development (CVE:ODV) last issued its quarterly earnings results on Monday, August 12th. The company reported C($0.34) earnings per share for the quarter. The business had revenue of C$2.63 million for the quarter. As a group, equities analysts forecast that Osisko Development Corp. will post 0.1150546 earnings per share for the current year.

About Osisko Development

Osisko Development Corp. acquires, explores, and develops mineral properties in Canada, Mexico, and the United States. It explores for gold; and precious and base metals. The company's flagship asset is the Cariboo Gold Project covering an area of approximately 155,000 hectares consisting of 415 mineral titles located in British Columbia, Canada.