Shares of Osisko Development Corp. (CVE:ODV - Get Free Report) were up 3.5% on Monday . The company traded as high as C$5.20 and last traded at C$5.08. Approximately 117,243 shares traded hands during mid-day trading, an increase of 14% from the average daily volume of 102,459 shares. The stock had previously closed at C$4.91.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on ODV shares. Stifel Canada upgraded shares of Osisko Development to a "strong-buy" rating in a report on Tuesday, July 8th. Royal Bank Of Canada upped their target price on shares of Osisko Development from C$5.00 to C$6.00 in a research note on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Strong Buy" and an average target price of C$6.00.
Read Our Latest Report on ODV
Osisko Development Price Performance
The company has a debt-to-equity ratio of 1.38, a current ratio of 0.47 and a quick ratio of 2.81. The firm has a fifty day moving average of C$4.25 and a two-hundred day moving average of C$3.30. The stock has a market capitalization of C$1.21 billion, a P/E ratio of -4.58 and a beta of 1.78.
About Osisko Development
(
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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.
Further Reading
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