Osisko Development (CVE:ODV) Shares Down 2.5% – What’s Next?

Osisko Development Corp. (CVE:ODV)’s share price fell 2.5% during mid-day trading on Wednesday . The company traded as low as C$3.33 and last traded at C$3.52. 41,460 shares changed hands during trading, an increase of 11% from the average session volume of 37,432 shares. The stock had previously closed at C$3.61.

Analysts Set New Price Targets

A number of research firms have issued reports on ODV. Eight Capital cut their price target on Osisko Development from C$11.00 to C$9.00 in a report on Thursday, July 11th. Ventum Financial cut their price target on Osisko Development from C$7.50 to C$4.50 in a report on Thursday, August 29th. Finally, Royal Bank of Canada cut their target price on 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.

Osisko Development Trading Down 2.5 %

The business has a fifty day moving average of C$2.95 and a 200-day moving average of C$2.87. 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 company has a market capitalization of C$347.99 million, a P/E ratio of -1.61 and a beta of 1.18.

Osisko Development (CVE:ODV) last issued its earnings results on Monday, August 12th. The company reported C($0.34) earnings per share (EPS) for the quarter. The company had revenue of C$2.63 million during the quarter. Analysts anticipate that Osisko Development Corp. will post 0.1150263 earnings per share for the current fiscal year.

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.