Osisko Development (CVE:ODV) Sets New 1-Year High – What’s Next?

Osisko Development Corp. (CVE:ODV)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as C$4.89 and last traded at C$4.85, with a volume of 28472 shares traded. The stock had previously closed at C$4.65.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Royal Bank Of Canada increased their price objective on Osisko Development from C$5.00 to C$6.00 in a report on Wednesday, September 10th. Stifel Canada upgraded Osisko Development to a “strong-buy” rating in a report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy” and a consensus target price of C$6.00.

Osisko Development Stock Up 4.7%

The stock has a market cap of C$1.16 billion, a P/E ratio of -4.39 and a beta of 1.49. The company has a quick ratio of 2.81, a current ratio of 0.47 and a debt-to-equity ratio of 1.38. The business has a 50-day simple moving average of C$3.72 and a 200-day simple moving average of C$2.98.

Osisko Development Company Profile

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.