Osisko Development (CVE:ODV) Trading Up 1% – What’s Next?

Shares of Osisko Development Corp. (CVE:ODV) traded up 1% on Tuesday . The stock traded as high as C$4.12 and last traded at C$4.07. 95,162 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 250,639 shares. The stock had previously closed at C$4.03.

Analyst Ratings Changes

Separately, Royal Bank Of Canada raised their target price on 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.com, Osisko Development presently has a consensus rating of “Strong Buy” and a consensus target price of C$7.50.

Osisko Development Trading Up 1.0%

The firm has a market cap of C$1.21 billion, a P/E ratio of -2.51 and a beta of 1.92. The company has a current ratio of 1.31, a quick ratio of 2.81 and a debt-to-equity ratio of 25.50. The company’s fifty day moving average price is C$5.20 and its two-hundred day moving average price is C$4.88.

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.