Osisko Development (CVE:ODV) Sets New 1-Year High - What's Next?

Key Points

• Osisko Development Corp. (CVE:ODV) reached a new 52-week high of C$4.89 during trading, closing at C$4.85 with a volume of 28,472 shares.
• Analysts have increased their price targets, with Royal Bank of Canada raising theirs from C$5.00 to C$6.00, while the stock currently holds a consensus rating of "Strong Buy."
• Osisko Development has a market capitalization of C$1.16 billion and is known for its Cariboo Gold Project in British Columbia, which is a significant part of its mineral exploration endeavors.

Osisko Development Corp. (CVE:ODV - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$4.89 and last traded at C$4.85, with a volume of 28472 shares. The stock had previously closed at C$4.65.

Analysts Set New Price Targets

ODV has been the topic of several recent analyst reports. Royal Bank Of Canada boosted their price objective on Osisko Development from C$5.00 to C$6.00 in a report on Wednesday, September 10th. Stifel Canada upgraded Osisko Development to a "strong-buy" rating in a report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Osisko Development currently has an average rating of "Strong Buy" and a consensus price target of C$6.00.

Osisko Development Stock Up 4.7%

The company has a market cap of C$1.16 billion, a price-to-earnings ratio of -4.39 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. The business has a fifty day moving average price of C$3.72 and a two-hundred day moving average price of C$2.98.

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.

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