Osisko Development (CVE:ODV) Stock Price Up 3.1% – Should You Buy?

Osisko Development Corp. (CVE:ODV) shares traded up 3.1% during mid-day trading on Wednesday . The company traded as high as C$5.08 and last traded at C$5.00. 312,063 shares were traded during trading, an increase of 35% from the average session volume of 230,503 shares. The stock had previously closed at C$4.85.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada increased their price target on shares of Osisko Development from C$7.00 to C$9.00 in a research report on Wednesday, December 10th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Osisko Development has a consensus rating of “Strong Buy” and a consensus price target of C$7.50.

Osisko Development Stock Performance

The company has a market cap of C$1.49 billion, a P/E ratio of -3.09 and a beta of 1.52. The business has a 50 day moving average price of C$5.03 and a two-hundred day moving average price of C$4.58. The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.81 and a current ratio of 0.47.

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