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

Posted by on Aug 3rd, 2022

Osisko Development (CVE:ODV – Get Rating) had its price target cut by Royal Bank of Canada from C$24.00 to C$16.00 in a research report sent to investors on Tuesday, BayStreet.CA reports. They currently have an outperform rating on the stock.

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

Osisko Development Trading Up 0.4 %

CVE ODV opened at C$5.12 on Tuesday. Osisko Development has a 1-year low of C$4.94 and a 1-year high of C$19.05. The company has a current ratio of 1.17, a quick ratio of 0.25 and a debt-to-equity ratio of 1.70. The stock has a 50-day moving average of C$6.89 and a 200-day moving average of C$5.93. The firm has a market cap of C$363.56 million and a PE ratio of -1.50.

Osisko Development (CVE:ODV – Get Rating) last released its earnings results on Thursday, May 12th. The company reported C($0.49) earnings per share for the quarter. The firm had revenue of C$9.17 million during the quarter. As a group, sell-side analysts forecast that Osisko Development will post 0.67 EPS for the current year.

About Osisko Development

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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 Québec, canada; and San Antonio Gold Project and Guerrero Properties located in Guerrero, Mexico.

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