Osisko Development (CVE:ODV) Stock Price Down 2.5% – Time to Sell?

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ODV shares. Eight Capital reduced their target price on shares of Osisko Development from C$11.00 to C$9.00 in a report on Thursday, July 11th. Ventum Financial dropped their price target on Osisko Development from C$7.50 to C$4.50 in a research note on Thursday, August 29th. Finally, Royal Bank of Canada reduced 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 research note on Tuesday, September 10th.

Osisko Development Stock Down 0.7 %

The company has a current ratio of 0.64, a quick ratio of 2.81 and a debt-to-equity ratio of 8.45. The business’s fifty day moving average price is C$2.94 and its two-hundred day moving average price is C$2.87. The firm has a market cap of C$269.89 million, a P/E ratio of -1.25 and a beta of 1.18.

Osisko Development (CVE:ODV) last posted its earnings results on Monday, August 12th. The company reported C($0.34) earnings per share for the quarter. The business had revenue of C$2.63 million during the quarter. As a group, equities research analysts anticipate that Osisko Development Corp. will post 0.1150263 EPS 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.