Analysts Set Expectations for CVE:ODV FY2024 Earnings

Osisko Development Corp. (CVE:ODV - Free Report) - Analysts at National Bank Financial issued their FY2024 EPS estimates for Osisko Development in a report issued on Tuesday, November 12th. National Bank Financial analyst D. Demarco forecasts that the company will post earnings per share of $0.00 for the year. The consensus estimate for Osisko Development's current full-year earnings is $0.12 per share. National Bank Financial also issued estimates for Osisko Development's FY2025 earnings at ($0.23) EPS and FY2026 earnings at ($0.17) EPS.

A number of other analysts have also weighed in on the stock. 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 on the stock in a research note on Tuesday, September 10th. Ventum Financial reduced their price objective on Osisko Development from C$7.50 to C$4.50 in a research note on Thursday, August 29th.

Osisko Development Stock Down 5.5 %

Shares of ODV traded down C$0.11 during mid-day trading on Friday, hitting C$1.90. 87,758 shares of the company traded hands, compared to its average volume of 40,450. The company has a market capitalization of C$187.83 million, a PE ratio of -0.87 and a beta of 1.18. The company has a quick ratio of 2.81, a current ratio of 0.64 and a debt-to-equity ratio of 8.45. The business has a 50 day moving average of C$2.80 and a 200 day moving average of C$2.81. Osisko Development has a 1-year low of C$1.90 and a 1-year high of C$4.20.

Osisko Development (CVE:ODV - Get Free Report) last issued its quarterly earnings data on Monday, August 12th. The company reported C($0.34) EPS for the quarter. The firm had revenue of C$2.63 million during the quarter.

Osisko Development Company Profile

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.