Osisko Development (CVE:ODV) Shares Up 0.4% - Still a Buy?

Osisko Development Corp. (CVE:ODV - Get Free Report) shares rose 0.4% during trading on Friday . The stock traded as high as C$2.65 and last traded at C$2.61. Approximately 4,000 shares changed hands during trading, a decline of 90% from the average daily volume of 41,718 shares. The stock had previously closed at C$2.60.

Wall Street Analyst Weigh In

ODV has been the topic of several research reports. Ventum Financial reduced their target price on Osisko Development from C$7.50 to C$4.50 in a report on Thursday, August 29th. Royal Bank of Canada lowered 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 Stock Up 0.4 %

The company has a debt-to-equity ratio of 8.45, a quick ratio of 2.81 and a current ratio of 0.64. The company has a market capitalization of C$258.02 million, a price-to-earnings ratio of -1.19 and a beta of 1.18. The business's 50 day moving average is C$2.65 and its 200 day moving average is C$2.76.

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.

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