Osisko Development (CVE:ODV) Price Target Lowered to C$16.00 at Royal Bank of Canada

Osisko Development (CVE:ODVGet Rating) had its target price reduced by Royal Bank of Canada from C$24.00 to C$16.00 in a research report report published on Tuesday morning, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

A number of other equities analysts have also weighed in on the stock. Desjardins lowered shares of Osisko Development from a buy rating to a hold rating in a report on Wednesday, May 25th. National Bankshares decreased their price objective on shares of Osisko Development from C$15.00 to C$10.25 and set an outperform rating for the company in a report on Thursday, July 21st.

Osisko Development Price Performance

ODV stock opened at C$6.05 on Tuesday. The firm has a 50 day moving average price of C$6.65 and a 200-day moving average price of C$5.94. Osisko Development has a 52-week low of C$4.94 and a 52-week high of C$18.81. The firm has a market capitalization of C$429.59 million and a price-to-earnings ratio of -1.78. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.25 and a current ratio of 1.17.

Osisko Development (CVE:ODVGet Rating) last released its earnings results on Thursday, May 12th. The company reported C($0.49) earnings per share (EPS) for the quarter. The firm had revenue of C$9.17 million for the quarter. Equities research analysts forecast that Osisko Development will post 0.67 EPS for the current fiscal year.

Osisko Development Company Profile

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Osisko Development Corp., a gold mining company, engages in the exploration, evaluation, and development of mining projects. The company's flagship project is the Cariboo Gold project covering an area of 2,071 square kilometers of mineral rights located in British Columbia, Canada. It also holds interest in James Bay Properties located in Qu├ębec, canada; and San Antonio Gold Project and Guerrero Properties located in Guerrero, Mexico.

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