Osisko Development (CVE:ODV) Price Target Raised to C$6.00

Key Points

• Royal Bank of Canada has raised its price target for Osisko Development from C$5.00 to C$6.00, indicating a potential upside of 36.36% from the previous market close.
• Stifel Canada has upgraded Osisko Development to a "strong-buy" rating, contributing to a consensus rating of "Strong Buy" across analysts.
• As of the latest trading, Osisko Development shares increased by 2.6%, reaching a price of C$4.40 with impressive trading volume.

Osisko Development (CVE:ODV - Get Free Report) had its price target increased by research analysts at Royal Bank Of Canada from C$5.00 to C$6.00 in a report released on Wednesday,BayStreet.CA reports. Royal Bank Of Canada's price objective would suggest a potential upside of 36.36% from the company's previous close.

Separately, Stifel Canada upgraded Osisko Development to a "strong-buy" rating in a research report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Strong Buy" and a consensus price target of C$6.00.

Osisko Development Stock Up 2.6%

Osisko Development stock traded up C$0.11 during trading on Wednesday, hitting C$4.40. 239,506 shares of the company were exchanged, compared to its average volume of 87,312. The business's 50 day moving average is C$3.44 and its 200 day moving average is C$2.76. Osisko Development has a 52 week low of C$1.64 and a 52 week high of C$4.45. The company has a market capitalization of C$1.04 billion, a P/E ratio of -3.96 and a beta of 1.49. The company has a current ratio of 0.47, a quick ratio of 2.81 and a debt-to-equity ratio of 1.38.

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.

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