Osisko Development (CVE:ODV) Hits New 12-Month High – Should You Buy?

Osisko Development Corp. (CVE:ODV) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$6.00 and last traded at C$5.97, with a volume of 149396 shares. The stock had previously closed at C$5.73.

Analyst Upgrades and Downgrades

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

Osisko Development Price Performance

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 company has a market capitalization of C$1.77 billion, a P/E ratio of -3.66 and a beta of 1.52. The company’s fifty day moving average price is C$5.02 and its 200 day moving average price is C$4.64.

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