Osisko Development (CVE:ODV) Rating Increased to Moderate Buy at Royal Bank of Canada

Osisko Development (CVE:ODV - Get Free Report) was upgraded by equities researchers at Royal Bank of Canada from a "hold" rating to a "moderate buy" rating in a research note issued on Monday, MarketBeat reports. The brokerage presently has a C$5.00 price objective on the stock. Royal Bank of Canada's price objective indicates a potential upside of 83.82% from the stock's current price.

Separately, BMO Capital Markets reduced their price target on shares of Osisko Development from C$7.00 to C$6.00 in a research report on Tuesday, April 29th.

Osisko Development Trading Down 0.4%

Shares of ODV stock traded down C$0.01 during trading on Monday, hitting C$2.72. 42,253 shares of the stock traded hands, compared to its average volume of 69,500. The firm has a market capitalization of C$371.50 million, a P/E ratio of -1.12 and a beta of 1.18. 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's fifty day moving average price is C$2.39 and its 200-day moving average price is C$2.29. Osisko Development has a 52-week low of C$1.64 and a 52-week high of C$3.78.

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.