Royal Bank of Canada Trims Osisko Development (CVE:ODV) Target Price to C$5.00

Osisko Development (CVE:ODV) had its price target decreased by Royal Bank of Canada from C$6.00 to C$5.00 in a report released on Tuesday, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

Several other equities research analysts also recently weighed in on the company. Eight Capital lowered their price target on Osisko Development from C$11.00 to C$9.00 in a report on Thursday, July 11th. Ventum Financial lowered their price target on Osisko Development from C$7.50 to C$4.50 in a report on Thursday, August 29th.

Osisko Development Price Performance

Shares of ODV stock opened at C$2.89 on Tuesday. Osisko Development has a 1-year low of C$2.32 and a 1-year high of C$5.08. The stock’s 50-day moving average is C$2.83 and its 200 day moving average is C$2.88. The company has a market cap of C$246.92 million, a P/E ratio of -1.32 and a beta of 1.17. The company has a debt-to-equity ratio of 8.45, a current ratio of 0.64 and a quick ratio of 2.81.

Osisko Development (CVE:ODV) last issued its quarterly earnings results on Monday, August 12th. The company reported C($0.34) earnings per share for the quarter. The business had revenue of C$2.63 million during the quarter. Research analysts predict that Osisko Development will post 0.1151541 earnings per share for the current fiscal year.

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.