Osisko Development (CVE:ODV) Price Target Lowered to C$5.00 at Royal Bank of Canada

Osisko Development (CVE:ODV) had its price objective reduced by Royal Bank of Canada from C$6.00 to C$5.00 in a report published on Tuesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also recently issued reports on ODV. Ventum Financial cut their target price on Osisko Development from C$7.50 to C$4.50 in a research note on Thursday, August 29th. Eight Capital dropped their price objective on shares of Osisko Development from C$11.00 to C$9.00 in a report on Thursday, July 11th.

Osisko Development Price Performance

ODV opened at C$2.85 on Tuesday. The company has a quick ratio of 2.81, a current ratio of 0.64 and a debt-to-equity ratio of 8.45. The company’s 50-day moving average price is C$2.83 and its 200 day moving average price is C$2.88. Osisko Development has a fifty-two week low of C$2.32 and a fifty-two week high of C$5.08. The firm has a market cap of C$243.50 million, a price-to-earnings ratio of -1.30 and a beta of 1.17.

Osisko Development (CVE:ODV) last announced its quarterly earnings results on Monday, August 12th. The company reported C($0.34) earnings per share for the quarter. The firm had revenue of C$2.63 million during the quarter. As a group, sell-side analysts expect that Osisko Development will post 0.1151541 earnings per share for the current year.

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.