Osisko Development (CVE:ODV) Trading Up 0.8% – What’s Next?

Osisko Development Corp. (CVE:ODV)’s stock price was up 0.8% during mid-day trading on Monday . The company traded as high as C$5.64 and last traded at C$5.30. Approximately 310,893 shares traded hands during trading, an increase of 100% from the average daily volume of 155,092 shares. The stock had previously closed at C$5.26.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada raised their price target on shares of Osisko Development from C$7.00 to C$9.00 in a report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy” and an average price target of C$7.50.

Osisko Development Stock Up 0.8%

The firm has a 50-day simple moving average of C$4.94 and a 200 day simple moving average of C$4.38. The company has a market capitalization of C$1.35 billion, a PE ratio of -3.27 and a beta of 2.00. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.47 and a quick ratio of 2.81.

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. It also holds a portfolio of marketable securities. Osisko Development Corp. is based in Montréal, Canada.