Osisko Development (CVE:ODV) Reaches New 52-Week High – Should You Buy?

Osisko Development Corp. (CVE:ODV)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$6.63 and last traded at C$6.53, with a volume of 264941 shares. The stock had previously closed at C$6.50.

Analyst Ratings Changes

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

Osisko Development Price Performance

The company has a quick ratio of 2.81, a current ratio of 1.31 and a debt-to-equity ratio of 25.50. The firm’s fifty day moving average price is C$5.17 and its 200 day moving average price is C$4.75. The stock has a market cap of C$1.81 billion, a PE ratio of -3.75 and a beta of 1.52.

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. It also holds a portfolio of marketable securities. Osisko Development Corp. is based in Montréal, Canada.