Osisko Development (CVE:ODV) Hits New 52-Week Low – What’s Next?

Osisko Development Corp. (CVE:ODV)’s share price reached a new 52-week low on Thursday . The company traded as low as C$2.07 and last traded at C$2.10, with a volume of 37637 shares changing hands. The stock had previously closed at C$2.12.

Analysts Set New Price Targets

ODV has been the subject of a number of recent research reports. Royal Bank of Canada decreased their price objective on shares of Osisko Development from C$6.00 to C$5.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. Ventum Financial lowered their price objective on Osisko Development from C$7.50 to C$4.50 in a report on Thursday, August 29th.

Osisko Development Stock Performance

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 stock’s 50-day simple moving average is C$2.82 and its two-hundred day simple moving average is C$2.81. The stock has a market cap of C$198.71 million, a price-to-earnings ratio of -0.96 and a beta of 1.18.

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