Osisko Development (CVE:ODV) Sets New 1-Year Low – Should You Sell?

Osisko Development Corp. (CVE:ODV) shares hit a new 52-week low during trading on Friday . The stock traded as low as C$2.32 and last traded at C$2.37, with a volume of 100060 shares traded. The stock had previously closed at C$2.52.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ODV shares. Ventum Financial dropped their target price on shares of Osisko Development from C$7.50 to C$4.50 in a research report on Thursday, August 29th. Royal Bank of Canada dropped their price objective on shares of Osisko Development from C$6.00 to C$5.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. Finally, Eight Capital cut their target price on Osisko Development from C$11.00 to C$9.00 in a research note on Thursday, July 11th.

Osisko Development Stock Down 4.0 %

The stock has a market cap of C$239.24 million, a price-to-earnings ratio of -1.15 and a beta of 1.18. The company has a debt-to-equity ratio of 8.45, a quick ratio of 2.81 and a current ratio of 0.64. The firm’s 50-day simple moving average is C$2.86 and its two-hundred day simple moving average is C$2.83.

Osisko Development (CVE:ODV) last announced its quarterly earnings data on Monday, August 12th. The company reported C($0.34) EPS for the quarter. The business had revenue of C$2.63 million during the quarter. On average, sell-side analysts expect that Osisko Development Corp. will post 0.1150263 EPS for the current fiscal 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.