Osisko Development (CVE:ODV) Stock Price Down 0.4% – Here’s What Happened

Osisko Development Corp. (CVE:ODVGet Free Report)’s stock price was down 0.4% during mid-day trading on Tuesday . The stock traded as low as C$2.75 and last traded at C$2.84. Approximately 151,107 shares traded hands during trading, an increase of 109% from the average daily volume of 72,382 shares. The stock had previously closed at C$2.85.

Analysts Set New Price Targets

A number of brokerages have commented on ODV. BMO Capital Markets decreased their price objective on Osisko Development from C$7.00 to C$6.00 in a research report on Tuesday, April 29th. Royal Bank Of Canada raised Osisko Development from a “hold” rating to a “moderate buy” rating and set a C$5.00 price target on the stock in a research note on Monday, June 2nd.

View Our Latest Stock Report on ODV

Osisko Development Stock Performance

The company has a debt-to-equity ratio of 1.38, a quick ratio of 2.81 and a current ratio of 0.47. The company has a market cap of C$387.89 million, a price-to-earnings ratio of -1.16 and a beta of 1.18. The firm’s 50-day moving average price is C$2.62 and its 200 day moving average price is C$2.34.

About Osisko Development

(Get Free Report)

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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