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Osisko Development (CVE:ODV) Trading Up 1% - What's Next?

Osisko Development logo with Basic Materials background
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Key Points

  • Shares of Osisko Development (CVE:ODV) rose about 1% to C$4.07 Tuesday, trading as high as C$4.12 on ~95,162 shares—down roughly 62% from average volume—and the stock sits below its 50‑day moving average (C$5.20) and near its 200‑day (C$4.88).
  • Royal Bank of Canada raised its price target from C$7.00 to C$9.00, and MarketBeat shows an analyst consensus of Strong Buy with an average target of C$7.50.
  • Osisko Development has a market cap of C$1.21 billion, a negative P/E (-2.51) and liquidity/leverage metrics (debt‑to‑equity 25.50, quick ratio 2.81, current ratio 1.31); its flagship asset is the Cariboo Gold Project in British Columbia.
  • Interested in Osisko Development? Here are five stocks we like better.

Osisko Development Corp. (CVE:ODV - Get Free Report)'s stock price was up 1% on Tuesday . The stock traded as high as C$4.12 and last traded at C$4.07. Approximately 95,162 shares were traded during trading, a decline of 62% from the average daily volume of 250,639 shares. The stock had previously closed at C$4.03.

Analyst Ratings Changes

Separately, Royal Bank Of Canada upped their target price on Osisko Development from C$7.00 to C$9.00 in a research note on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company has an average rating of "Strong Buy" and a consensus target price of C$7.50.

Read Our Latest Stock Report on ODV

Osisko Development Stock Performance

The firm has a market capitalization of C$1.21 billion, a price-to-earnings ratio of -2.51 and a beta of 1.92. The firm's 50-day moving average price is C$5.20 and its two-hundred day moving average price is C$4.88. The company has a debt-to-equity ratio of 25.50, a quick ratio of 2.81 and a current ratio of 1.31.

Osisko Development Company Profile

(Get Free Report)

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.

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