Osisko Development (CVE:ODV) Trading Down 2.5% - Should You Sell?

Osisko Development Corp. (CVE:ODV - Get Free Report)'s share price fell 2.5% on Wednesday . The company traded as low as C$3.33 and last traded at C$3.52. 41,460 shares were traded during trading, an increase of 11% from the average session volume of 37,432 shares. The stock had previously closed at C$3.61.

Wall Street Analysts Forecast Growth

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

Osisko Development Trading Down 21.9 %

The business's 50-day simple moving average is C$2.95 and its two-hundred day simple moving average is C$2.87. The company has a current ratio of 0.64, a quick ratio of 2.81 and a debt-to-equity ratio of 8.45. The company has a market capitalization of C$271.87 million, a PE ratio of -1.26 and a beta of 1.18.

Osisko Development (CVE:ODV - Get Free Report) last released its quarterly earnings results on Monday, August 12th. The company reported C($0.34) EPS for the quarter. The company had revenue of C$2.63 million during the quarter. On average, analysts predict that Osisko Development Corp. will post 0.1150263 earnings per share for the current year.

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.